Silver & Silver/Gold Ratio Hang Tough

Silver had gotten a little peppy and this little cool down is normal. I don’t see any reason why we cannot continue to plan for an attempt at the 200 day average near 17.

silver

Silver/Gold ratio actually bumped up a bit and this is hardly negative signaling for the precious metals sector or the broad reflation trades (bounces). It’s all counter the intermediate trend (down sloping SMA 50 above and on the ratio) but the bounce is still on, closing a 2nd day above the SMA 50).

silver gold ratio

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