The ratio has been in a Parallel channelIt must be
as it is a ratio indicating how costly Gold is to Silver
I feel that after the recent Gold mega bull run, silver has some legs to go!
GOLDSILVER trade ideas
GOLD DIGGERGold and silver are two strong commodities that give very quality returns. Gold is in bullish trend and it may touch 2600 to 2700 $.
Silver to Outperform GoldGold/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 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.
Gold:Silver Ratio Silver poised to do well in relative termsEWO negative variance and MACD negative divergence indicate Silver may outperform Gold.
