Gold/Silver Ratio has dropped below support line trending since Aug'20. Technical-momentum & 50DMA pointing downwards & this ratio trending in a Downward Channel. Expect Silver reach $30 next few days.
Gold/Silver vs Nifty analysis. Nifty bottom is done when gold vs Silver ratio peaks at top (Gold value/price is higher than silver value/price), now if you clearly see the gold vs silver ratio curve is going down means silver is getting strong, this indicates the nifty is about to move upside.
negative wolf wave on the chart its likely to hit 55 , cmp 83.75
nagative wolf wave pattern on chart it's likly to hit 55 cm 83.75
EWO negative variance and MACD negative divergence indicate Silver may outperform Gold.