Silver - Pennant Formation - Up & Gold Silver Ratio - ResistanceSilver Upside potential is starting up. As we compare both the charts.
->Gold/Silver Ratio has touched a resistance indicating a reversal, which means more flow to silver.
->Silver charts if we look individually is showing a small pennant/flag formation, indicating a small base for further upside.
GOLDSILVER trade ideas
GOLD SILVER RATIO Rounded Top Pattern#GSR Gold Silver Ratio putting in a Rounded Top as the Pattern is now clear and no doubt left of any alternate patterns to form
#XAGUSD to start Outperforming #XAUUSD as the Gold Silver Ratio has failed to sustain above 90 and breaking down which opens the target of 80 and lower levels
MACD Indicator is also supportive of the bearish view on the GSR
Gold silver ratio vs niftyGold/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.