Silver / Gold Ratio “monthly” Chart
Silver (NYSEARCA: SLV) is an important cog in the precious metals world.
Not only is it a core precious metal but it is often a leading indicators for metals bulls.
Silver is a good risk-on / risk-off indicator. When it is out-performing Gold, it is risk-on. When it is under-performing, it is risk-off. It’s been the latter for the better part of the past 8 years.
And when the trend remains down, which historically means that metals rallies will be sold.
The Silver/Gold ratio has fallen to new 25 year lows and is testing long-term support at (1). Will it hold and reverse higher here?
It is still early in the month, but so far so good. It’s possible the Silver/Gold ratio is creating a bullish reversal pattern at support. Metals bulls sure hope so.
Stay tuned!
Note that KimbleCharting is offering a 2 week Free trial to See It Market readers. Just send me an email to services@kimblechartingsolutions.com for details to get set up.
Twitter: @KimbleCharting
Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
