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Goldsilverratio

STEEL-NERVE SETUP – ARE WE RE-LIVING GOLD’S 2020 BEAR-TRAP?Retail sentiment is ultra-bearish, positioning is cooling, Silver is outperforming and the S&P 500 is screaming risk-on … exactly the cocktail we saw in June 2020, right before Gold & Silver exploded higher. 1️⃣ WHY THIS FEELS LIKE 2020 AGAIN 2025 (now) 2020 (pre-rally) Read-through > 70 % of TradingView ideas are bearish 💬 > 60 % were bearish Crowd may be offsides again Managed-money net-longs -18 % from April peak 📉 -25 % from March peak Powder for fresh longs First monthly ETF outflow (-$1.8 bn) 🚪 Record inflows Capitulation, not euphoria Gold/Silver ratio down to 94 ⚖️ Fell to 95 Silver leadership = bottoming tell S&P 500 at new ATH 📈 S&P at new ATH Risk-on backdrop identical 2️⃣ WHAT’S DIFFERENT THIS TIME Real 10-y TIPS yield +0.7 % (2020: -1 %) → smaller monetary tail-wind. Gold already at inflation-adjusted ATH → upside could be shorter & sharper, not a fresh super-cycle (yet). 3️⃣ CHECKLIST FOR A REAL BEAR-TRAP Signal Watch-level Gold holds $3 200–3 250 (100-d SMA + fib) Daily close above zone Gold/Silver ratio breaks < 90 Momentum confirmation CFTC net-longs < 150 k Position flush ETF flows turn positive Fear → FOMO S&P stumbles / vols spike Classic risk-bid for Gold Need 3 of 5 boxes ticked to validate the squeeze thesis. 4️⃣ CATALYST CALENDAR 3 Jul – NFP: sub-75 k print could fire the opening salvo. 9 Jul – Tariff freeze decision: escalation would revive safe-haven demand. 15 Jul – CPI & 30-31 Jul – FOMC: dovish turn + soft data could complete the squeeze. Disclaimer: This post reflects my personal opinion for educational purposes only; it is not financial advice. Trading futures and commodities involves substantial risk and can lead to total loss of capital—do your own research (DYOR) and consult a qualified professional before acting.
COMEX:GC1!
by AustrianTradingMachine
1
DOW JONES about to skyrocket based on the Gold/Silver ratio!Dow Jones (DJI) has been basically consolidating for the past month or so, following the massive April 7th bottom rebound but there is a very distinct indicator that shows it is about to skyrocket. That is the Gold/ Silver ratio (blue trend-line). Gold (XAUUSD) as a safe haven, attracts capital in times of market uncertainty. Silver (XAGUSD), as a metal of industrial use, attracts capital in times of economic boom and prosperity. In the past 6 years more particularly, every time the Gold/ Silver ratio declined, Dow started rising aggressively (exception July-Aug 2019, when the market rose straight after), as investors clearly showed their risk-on appetite by buying Silver (optimism) at the expense of Gold (fear). Dow's current consolidation indicates that there may be high accumulation in the past month and the ratios extended decline suggests a skyrocket move is up next. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
Gold Sliver Spread is Pointing Downward - Silver to TrendGold-silver ratio dropped from 107 to current 91. What does this mean? Does it indicate that silver is about to trend higher, or is it a sign that gold will continue its trend? If you take the gold prices on 'Liberation Day' on 2nd April 2025 - Gold at $3,509 divided by Silver at $35 = 100.25 Today, the gold prices at 3,400 divided by the silver prices at 37.36, you will get the ratio as 91. Based on this historical development over the last 50 years, gold silver spread has range bound within this range of 40 and 100, and likely it should remain this way. Studies shown it has just reached 100, forming a potential inverted hammer, and could be on the way down to its lower band. Either the 65 band or 40 band. If that were to happen, this also means the Silver’s trend is likely to pick-up faster than gold did. On 05 April 2024 a video analysis I have published, title “Silver is Next to Rally After Gold”, then I presented on its fundamental and its technical reasons. By the way the cup & handle formation, it is taking a very good shape today. On that analysis, I suggested in time to come, when Silver to catch-up with gold, it will be fast and furious. And I believe the time is near as the ratio now dip to around 91, and it seems more room for more downside. This means with so many uncertainties and fear of inflation coming back again, Gold may still trend higher, but this time the rate-of-change for the silver to move higher is faster than that of gold. If the ratio continue to decline, we should see a much firmer silver prices from the current. Historically, gold and silver have been used as money, and even today, if you take any grams or an ounce of gold or silver to banks with bullion departments, you can exchange it for cash. As the world searches for the next reserve currency, precious metals have become a safe haven. That’s why gold has been trending upward over the years, especially when inflation hit a high of 9% in 2022. When gold becomes too pricey, investors often look for alternatives like silver. This also explains why, during most financial crises, the gold-silver ratio dips, indicating that silver is catching up with gold. Micro Silver Futures Ticker: SIL Minimum fluctuation: 0.005 per troy ounce = $5.00 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com Trading the Micro: www.cmegroup.com www.cmegroup.com
COMEX:GC1!Long
by konhow
Silver ready to outperform Gold? Finally, silver is breaking to the upside out of the April–May consolidation, and so far there’s been a strong push above the 33.70 resistance, and with the market closing well above that level, it confirms that bulls remain in control and could stay in charge after any near-term dips. Ideally, we are now in the third leg of recovery, which could extend beyond the October 2024 highs around 34.87. Once that level is cleared, the third leg may continue higher within a higher degree wave five, possibly targeting the 36–37 zone. At the same time, we also see the gold-silver ratio coming down from the 61.8% area, which is another signal suggesting the metals are in a broader bull run, with silver now likely to outperform gold until those 36–37 targets are reached. Grega
COMEX:SI1!
by ew-forecast
Gold is taking a break, the next wave will be even stronger.Gold opened at 3382 today and rebounded to 3392 for a technical decline adjustment. So far, gold has hit a low of 3351. Currently, gold continues to fluctuate around 3360. We will pay attention to the support situation at 3345-50 below. If it does not break through, we will look for opportunities to go long. Judging from the current trend of gold prices, the overall bullish trend remains, and there is still the possibility of further upward movement in the short term. The support below focuses on the 3345-3350 area, which is an important defensive position for short-term bulls. If it falls back to this area and stabilizes during the day, you can continue to rely on this position to arrange long orders, and the bullish thinking remains unchanged. Pay attention to the 3395-3400 first-line pressure above. If this range is effectively broken, the gold price is expected to hit the previous high and further open up the upward space. From the daily level, the market is still in the "low-long" rhythm of the trend, and it is expected to maintain a volatile upward trend in the short term. The recent market fluctuations are large. In terms of operation, it is necessary to strictly control the position and pay attention to risk prevention. Gold operation strategy recommendation: Go long when gold falls back to 3345-3355, target: 3380-3390.
OANDA:XAUUSDLong
by TP_Daniel5
Important breakdown in the Gold & Silver ratio !!!This is a heads up that concerns the PM sector as well as all other assets. An important breakdown just happened in the Gold & Silver ratio. This means precious metals bull resumes and SILVER will now overperform gold !! We are now in back test mode ! For the other asset classses this is good news also, because this breakdown in the ratio signifies the return of (asset) inflation. So this is good for stocks and crypto also. It remains to be seen whether PM's will outperform stocks. My guess is YES.
TVC:GOLDSILVERShort
by Dangermousebanana
Silver/Gold Ratio signals Lower Interest Rates AheadWhen OANDA:XAGUSD (Silver) does well relative to OANDA:XAUUSD (Gold), it means the economy is strong and interest rates tend to rise when that happens. The opposite is also true. When Silver is weak relative to Gold, interest rates tend to fall. See how it works historically? The 1997 drop in rates when the silver/gold ratio shot up is the rare exception Why does it work? Silver is an economic metal used in industry and gold is a precious metal which used to be used for technology in the 1970's. Well - it shows now that rates should be going down because the economy is flat, weak or recessionary. However you want to label it, the economy can afford lower interest rates. This LONG TERM indicator has worked quite well and deserves to be on your list of indicators to track the likely path of interest rates. OF COURSE, the more important factor is WHO is at the head of the Fed. Lower rates would make sense especially if the profligate Government spending machine slows down its aggressive spending. The global war on covid didn't help and the clear message that the market is telling us is that we needed to slow down the price hikes but we now have a US Gov't deeply in debt and struggling to be able to justify lower rates. Here's to clarity on the future moves by the Fed, which if you were just looking at this indicator you would be cutting rates steadily for the foreseeable future. Cheers, Tim 11:47AM EST January 28, 2025
OANDA:XAGUSD
by timwest
17
SLV - Finally Catching Up With GoldPrecious metals continue to rocket higher and even as Central Banks around the world flock to gold and lighten up on US Dollar exposure, lagging far behind is silver that is still quite a ways from its all time high close to 50. Reverse head and shoulders formations show some possible targets in the 34-35 area but my best speculative bet is that SLV will hit its previous high, perhaps forming a mega cup and handle formation. For many silver enthusiasts, prices reaching $100-200 seems quite plausible. While it's always best to acquire the physical metal, as the ETFs erode value over time due to management fees, Silver is still cheap in my book. With the gold/silver ratio around 80 and falling, I expect silver to outperform gold going forward.
AMEX:SLVLong
by AssetDesign
Dont Buy Silver Here; Watch Gold/Silver RatioSilver has been mostly sideways since 2021 and till 2024, when metal clearly formed a corrective price action because of choppy and overlapping moves. Ideally, that was a very big triangle that sent prices sharply higher this year as shown on weekly chart below. We have seen some nice turn up, due to inflation hedge, CB easing and geopolitical tensions. In fact, we can see some volatility in last few weeks with sharp move out of a big contracting range; its an impulsive reaction since price broke above $25, but notice that price now trades $34-37 area as expected; marked as potential resistance zone identified by swing highs from 2012, 2013, and Fibonacci levels. The reason why we should be aware of a resistance on silver and also gold, is gold/silver ratio (XAUSD/XAGUSD ), which is pointing higher after an A-B-C corrective setback. Based on past correlations, bullish gold/silver ratio is usually bearish for metals, so if ratio start moving higher, then watch out for a limited upside on silver. From an Elliott wave perspective this push higher on XAUSD/XAGUSD chart would deffinitely not be a surprise because of bullish pattern. If someone wants to join uptrends on gold and silver, then due to the reasons described above, it may not be a bad idea to wait on some pullback first. $30 can be an interesting levels in such case.
COMEX:SI1!
by ew-forecast
$40 Silver in Sight? BofA Says Yes The Gold-Silver Ratio (XAU/XAG) measures how many ounces of silver are needed to purchase one ounce of gold, providing a clear example of the relative performance of each metal. Bank of America (BofA) has argued there could be an opportunity to short gold against silver at its current ratio of 83.50, targeting a move down to 78.50 or 75.00, with an upside stop at 87.50. A decline in the ratio can occur either if silver rises faster than gold or if gold falls more sharply than silver. BofA’s 2024 gold price targets of $2,368, $2,538, and $2,643 have already been hit, with the next target set around $2,733. However, the bank advises caution on gold, instead hinting traders could focus on silver, which is nearing eleven-year highs. According to the bank, the ratio recently formed a double top, signaling a bullish outlook for silver. Silver’s potential upside targets range between $36.02 and $40.
OANDA:XAUXAG
by BlackBull_Markets
GOLD is going to start getting much cheaper in SILVER terms.Gold has been on an absolute tear lately as the de facto U.S. corporate government has been printing and spending FRNs (Federal Reserve Notes) into oblivion. As a result, real money is gaining value against the Federal Reserve's monopoly money. Naturally, those who saw the money devaluation coming have been buying gold to preserve their purchasing power, but silver has been lagging behind, even though it has also been appreciating. Although the price of precious metals is, and will continue to be, on the rise, the price of gold is about to get much cheaper in terms of silver. Instead of buying gold, I believe the best move right now is to buy silver, hold it, and once the exchange rate drops to the 35/45 to 1 area, then exchange your silver for gold. I believe that in the next year to a year and a half, we will see the price of gold cut in half in silver terms, which means it will take half the silver to buy the same amount of gold, effectively doubling the purchasing power of silver versus gold. Good luck!
TVC:GOLDSILVER
by MetaShackle
5
What Is the Gold/Silver Ratio, and How Do Traders Use It?What Is the Gold/Silver Ratio, and How Do Traders Use It? The gold/silver ratio, which measures the relative value of these two precious metals, is a vital tool for commodity traders. Understanding this relationship helps identify market trends and trading opportunities. This article explores how to calculate, analyse, and trade the gold/silver ratio effectively, providing insights to enhance your trading strategies. Understanding the Gold/Silver Ratio The gold-to-silver ratio represents the number of silver (XAG) ounces needed to purchase one ounce of gold (XAU). For instance, a value of 70 means buying one ounce of gold takes 70 ounces of the white metal. It’s a valuable indicator of the comparative value between the two precious metals. Historically, the relationship has seen significant fluctuations. During the Roman Empire, it was around 12:1. In the 20th century, the ratio averaged around 47:1, reflecting changing market dynamics. Recently, it has ranged from above 60:1 to over 90:1, influenced by various economic and geopolitical factors. A high figure suggests that silver is undervalued relative to gold, indicating a potential buying opportunity for XAG or a selling opportunity for XAU. Conversely, a low figure implies that silver is overvalued compared to gold. Traders often use this metric to make strategic decisions, such as going long on XAG and short on XAU when the ratio is high, expecting it to revert to historical averages. It’s also a reflection of market sentiment. When economic uncertainty is high, gold, as a so-called safe-haven asset, may increase in value relative to silver, widening the proportion. Conversely, silver may outperform the yellow metal during economic stability due to its industrial uses, narrowing the differential. Recent History of the Gold/Silver Ratio The historical gold/silver ratio has experienced significant fluctuations driven by global economic events. During the 2008 financial crisis, it spiked to over 80:1 as investors flocked to gold as a so-called refuge asset. It then fell sharply, reaching a low of 32:1 as central banks rolled out stimulus measures to support growth. In 2020, amid the COVID-19 pandemic, the ratio reached an all-time high of 126:1 due to heightened economic uncertainty and gold's appeal as a so-called safe-haven asset. However, as economies began recovering and industrial demand for the white metal increased, the relationship narrowed, dropping to around 65:1 at the beginning of 2021. Key drivers included expansionary policies and the recovery of industrial activities linked to silver demand. Interested readers can use FXOpen’s free TickTrader platform to explore the historical performance of these two precious metals. Calculating the Gold/Silver Ratio Calculating the ratio is straightforward. Simply divide the current price of gold by the current price of silver. For example, if XAU is priced at $1,800 per ounce and XAG at $25 per ounce, the calculation is: $1800/$25 = 72 This means it takes 72 ounces of silver to buy one ounce of gold. However, traders don’t need to calculate this themselves; TradingView users can enter ‘FXOpen:XAUUSD/FXOpen:XAGUSD’ into the ticker search to display the gold-to-silver ratio chart. Factors Influencing the Gold/Silver Ratio The gold/silver ratio is influenced by various factors that affect the value of these two precious metals. Key factors include economic indicators, market sentiment, and geopolitical events. Economic Indicators Inflation rates, interest rates, and economic growth directly impact the relationship. High inflation typically increases demand for gold as a hedge, widening the relationship. Conversely, low inflation can favour the white metal due to its industrial uses, narrowing the proportion. Interest rate changes also play a crucial role. When interest rates rise, gold often becomes less attractive compared to interest-bearing assets. Economic growth similarly boosts industrial demand for silver. Market Sentiment Investor sentiment towards risk significantly affects the measurement. During periods of economic uncertainty or market volatility, investors flock to gold for its so-called refuge properties, increasing the ratio. For instance, during the COVID-19 pandemic, heightened uncertainty led to a surge in XAU, pushing the ratio to record highs. Conversely, in stable economic conditions, silver's industrial demand can outpace the yellow metal. Geopolitical Events Political instability, trade wars, and other geopolitical events can cause fluctuations in the proportion. For example, tensions between major economies or unexpected geopolitical crises often drive investors towards the yellow metal. On the other hand, the resolution of such conflicts or stable geopolitical environments can boost industrial production and demand for silver and narrow the relationship. Supply and Demand Dynamics Silver's dual role as both a precious metal and an industrial commodity makes it more susceptible to supply chain disruptions and changes in industrial demand. Gold, primarily seen as a store of value, is less affected by industrial demand but highly influenced by investment demand and central bank policies. Trading the Gold/Silver Ratio Trading this relationship involves leveraging the relative price movements of each asset to make strategic trading decisions. Various strategies can be employed to capitalise on this ratio, each offering unique opportunities depending on market conditions. Strategies Based on Trends Traders often monitor the trend of this metric and the individual trends of each metal to determine potential trading signals: Gold-Silver Ratio Uptrend - General Uptrend: In this scenario, both assets are rising, but the ratio is also increasing, indicating gold is outperforming silver. Traders may buy XAU, expecting it to continue its relative strength. - General Downtrend: When both metals are falling, but the ratio is rising, silver is underperforming. Traders may sell XAG, anticipating further weakness compared to XAU. Gold-Silver Ratio Downtrend - General Uptrend: If both metals are rising and the ratio is falling, silver is outperforming gold. Traders might buy XAG to capitalise on its relative strength. - General Downtrend: When both metals are declining and the ratio is falling, gold is underperforming. Traders may sell XAU, expecting continued relative weakness. Trading Extreme Highs and Lows The gold/silver relationship is generally deemed ‘fair’ when the figure is around 50, implying that neither metal is overvalued/undervalued relative to the other. However, it can reach historical extremes, providing additional trading opportunities: Historical Highs (80-100) - Uptrend in Both: When the ratio is historically high, gold is considered expensive compared to silver. If both metals are in an uptrend, traders might long XAG, expecting a correction in the metric as it catches up. - Downtrend in Both: If both metals are declining, traders might short XAU, anticipating a relative decrease in its value compared to XAG. Historical Lows (40-60) - Uptrend in Both: When the ratio is historically low, gold is viewed as cheaper relative to silver. In an uptrend, traders might long XAU, expecting it to rise. - Downtrend in Both: If both metals are falling, traders might short XAG, anticipating it will continue to lose more value compared to XAU. The Bottom Line Trading the gold/silver ratio can unlock unique opportunities in the market. By understanding its dynamics and employing strategic approaches, traders can potentially enhance their trading strategies. To start trading this unique relationship via CFDs, consider opening an FXOpen account to access a wide range of advanced trading tools and resources to support your strategies. FAQs What Is the Gold-to-Silver Ratio? The gold-to-silver ratio measures how many ounces of silver are needed to purchase one ounce of gold. It provides insights into the relative value of these precious metals. A high figure suggests silver is undervalued relative to gold, while a low number suggests the opposite. How to Calculate the Gold-to-Silver Ratio? To calculate the ratio, divide the current price of gold by the current price of silver. For example, if gold is priced at $2,000 per ounce and silver at $20 per ounce, the proportion is $2000/$20, or 100:1. This means one ounce of gold costs 100 ounces of silver. Why Is the Gold/Silver Ratio So High? The ratio can be high due to factors like economic uncertainty, increased demand for gold as a so-called safe-haven asset, and reduced industrial demand for silver. Since 2021, it has remained elevated above 75:1 due to ongoing market uncertainties. How to Trade the Gold/Silver Ratio? Trading the relationship involves examining the trends of both assets and comparing their performance to the metric. Traders often buy silver and sell gold when the number is high, expecting it to decrease. Conversely, they sell silver and buy gold when the figure is low, anticipating an increase. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XAUUSDEducation
by FXOpen
2
Why longer term charts are importantI took a look at the weekly gold/silver ratio and noticed a few significant patterns. For example, there was a notable acceleration downward following the break of a 3-year uptrend a couple of weeks ago. Additionally, there is support at the 74.65/63 level, which has been in place since January 2022. This observation reminded me of the importance of examining long-term charts, regardless of your trading time frame. Longer-term charts provide essential context and clarity that short-term charts often lack. Why everyone should be looking at longer term charts: 1. Identifying Trends Long-term charts help in identifying significant trends that might not be visible in short-term data. 2. Smoothing Out Volatility Short-term data is often noisy, with frequent fluctuations that can obscure the underlying pattern. Long-term charts smooth out this volatility, providing a clearer picture of the fundamental movement and reducing the influence of random, short-term events. 3. Contextualizing Current Movements Long-term charts place current price or economic movements in a broader context. This helps investors and analysts understand whether a recent change is part of a larger trend or not. 4. Historical Comparisons These charts allow for comparisons with past periods, making it possible to identify cycles, recurring patterns, and historical precedents. This historical perspective can be invaluable for forecasting future movements and making informed predictions. 5. Assessing Risk and Reward By examining long-term performance, investors can better assess the potential risks and rewards of an investment. Understanding how an asset has performed over various market cycles helps in evaluating its stability and growth potential. 6. Avoiding Emotional Bias Short-term market movements can evoke strong emotional responses, leading to impulsive decisions. Long-term charts provide a more detached view, helping investors stay focused on long-term objectives and avoid reacting to short-term market noise. Conclusion In summary, long-term charts offer a comprehensive view that is critical for understanding trends, reducing noise, contextualizing current events, making historical comparisons, assessing risk, avoiding emotional decisions, developing strategies, and analysing economic cycles. They are an indispensable tool for anyone involved in financial markets or economic analysis, providing the clarity and perspective necessary for informed decision-making. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
TVC:GOLDSILVEREducation
by The_STA
7
GOLD continues to outperform SILVER On this chart the ratio of spot gold to spot silver is charted over time. The traditional benchmark of 75 is the horizontal black line on the chart. Above it gold is outperforming while below it gold is underperforming. Direction counts. Overall gold has been rising relative to silver since May 23. Gold did underperform as compared with silver from September 22 to the end of 2022. Silver last had any outperformance, in gold's trend down which briefly lasted from mid-March to May of 2023. Silver has considerable industrial uses compared with gold. At present, the ratio is rising making gold the better choice if trading or investing in these to metals for the intermediate or long term. This is especially true because central banks are accumulating gold most especially China whose ambition is to launch a gold-backed new currency.
OANDA:XAUUSD
by AwesomeAvani
Inflation, and the coming SILVER PRICE EXPLOSION! As central banks around the world are losing their grip on baskets full of fiat currencies, real, tangible commodities like Gold, Silver, Platinum and Palladium are going to make an incredible run. There are three metals related to monetary systems throughout history: gold, silver and copper. So far we've seen gold pull ahead in the running, but soon silver will running it down with veracity! Good luck, and always use a stop-loss!
TVC:SILVERLong
by MetaShackle
Finally Bulls Take Place on SilverI know it's very annoying to trade with silver in these days, but price is at the bottom right now. Silver is oversold and undervalued. Price in Falling Wedge Pattern and if the price exceeds 23.20 with volume, there will be a breakout. There is a Double Bottom Pattern on Chart which means bulls are powerful in 22.5 area. So there is only one way from here. I expect the price to stay inside this giant Triangle for at least 6 months. Trade accordingly. Formed Patterns : Triangle Pattern, Falling Wedge, Double Bottom Scenario 1 : Silver quickly rises to 25.364-25.560 levels and rebounds to the 22.7-23 levels. Scenario 2 : Silver consolidates next week and rises to 25.364-25.560 levels, then rebounds to the 22.7-23 levels. Price Target in Long Term : $44 Support Level : 22.51-22.97 Macroeconomic Situation : * Due to the American debt crisis and interest rates will soon fall; individual investors, companies and central banks continue to buy gold/silver. * The crisis in the Middle East will push the Gold/Silver even higher. * Due to many issue of US Dollar, I expect DXY will fall which is good for Gold/Silver.
TVC:SILVERLong
by TimiOnur
Big Bullish Trend has BegunSilver is oversold and undervalued now. Falling Wedge broke upwards and started the bullish trend. On the weekly chart, the 21-day SMA will cross the 50-day SMA next week. It means a major bullish trend will begin with expected break of 676-day major Triangle. I also expect a big decline on Gold/Silver Ratio and DXY which is good for silver. Formed Patterns : Triangle Pattern, Falling Wedge Price Target in Long Term : $44 Support Level 1 : 22.931-23.066 Support Level 2 : 22.51-22.97 Macroeconomic Situation : * Due to the American debt crisis and interest rates will soon fall; individual investors, companies and central banks continue to buy gold/silver. * The crisis in the Middle East will push the commodity market even higher.
TVC:SILVERLong
by TimiOnur
Silver is Close to Breaking Big Triangle PatternSilver is close to breaking the 665-day Triangle Pattern. Silver is oversold and undervalued now. They have tried to reduce the price in volume for 2 days, but the price does not accept below 23. From now on the only direction is up. I also expect a big decline on Gold/Silver Ratio. Downtrend on DXY to continue and gold to perform well this week which is good for silver. Formed Patterns : Triangle Pattern, Ascending Channel Scenario : Silver hits the 27.5-28 levels and begins consolidation at 25.5 levels. Price Target in Long Term : 44 Support Level : 22.51-22.97 Trend Power : Extremely Bullish Macroeconomic Situation : Due to the American debt crisis and interest rates will soon fall; individual investors, companies and central banks continue to buy gold/silver.
TVC:SILVERLong
by TimiOnur