Gold and silver soared and plunged together, but… Not at the same pace.
And this can tell a lot. Recent movements and their implications 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.
Historical comparisons and current trends Silver soared over $32, but it’s back below $31 at the moment of writing these words. Given the momentum, the recent outperformance, and silver’s tendency to form fake breakouts, it seems that it can dive back below $30 any day now. Last Friday, I commented on silver in the following way: Silver soared where it had soared in 2021 at its top.
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