Silver Market Overview (TF = 1D )
When we look at silver prices, we observe that it is very close to resistance.
At the same time, the current channel is very close to the resistance.
When we look at the gold / silver ratio, the ratio, which has been in favor of gold for a long time, is turned into silver.
My personal thinking, both the transgression of resistance and support, as well as a clear downward ration of the ration, can result in a hard upward movement in silver.
On the other hand, if these situations do not happen, we are very close to the resistance, we can open a profitable short position in terms of risk / reward ratio, but in this case, let's make sure that the gold-silver ratio returns in the channel I have drawn.
Best wishes !
At the same time, the current channel is very close to the resistance.
When we look at the gold / silver ratio, the ratio, which has been in favor of gold for a long time, is turned into silver.
My personal thinking, both the transgression of resistance and support, as well as a clear downward ration of the ration, can result in a hard upward movement in silver.
On the other hand, if these situations do not happen, we are very close to the resistance, we can open a profitable short position in terms of risk / reward ratio, but in this case, let's make sure that the gold-silver ratio returns in the channel I have drawn.
Best wishes !
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