Commodities Analysis by Sunshine Profits (Przemyslaw Radomski, CFA) covering: XAU/USD, XAG/USD, Gold Futures, Silver Futures. Read Sunshine Profits (Przemyslaw Radomski, CFA)'s latest article on Investing.com
The way in which both precious metals move relative to each other is not random. It has specific rhythms and patterns, and understanding what it means can give one an extra edge over other market participants. Every now and then, the gold-to-silver ratio moves in a specific manner that indicates something important for the following weeks – and that’s exactly what happened.
Indicators are great tools to average out what’s not important and focus on what is and make specific situations from the past comparable. The two that are particularly useful for comparing the situationsWhen we saw RSI at or above 70 AND ROC after a visible run-up, silver topped. I marked those cases with red lines on the above chart.
To be clear – I do think that silver is going to soar to new highs and likely well above $100 in the following years, BUT at this very moment, silver appears to have topped, and if stocks plunge while the USD Index rallies, then the silver price would be likely slide in a particularly volatile manner.
XAG/USD Gold Futures Silver Futures
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