Well folks, we were on watch for it and today, for some reason I have not yet been able to ascertain, it happened. Last week the Silver/Gold ratio showed its positive bias by taking out the April 17th high. Today the breakout is being furthered.
That left nominal silver with the same task to be completed. Today silver has done it.
Sure, anything can happen. Lots of geopolitical balls in the air. But silver has now ticked above the April high and that sets our sights on the upside target of 110 (a rough estimate/measurement).
Last year the Silver/Gold ratio led the inflation trades in many commodities, and that would be the signal going forward as well, as long as the ratio is positive.
HI Gary , how do you trade the ride whith silver ,etf ,miners?
All the items I’ve held all along (while often hedged). Among them, AYA, SKE and several others have silver components to them. Also, Palladium & Platinum tend to follow silver (for some reason). Indeed, the whole commodity complex would gain a tailwind if silver leads. So personally, I am not hype focused on silver alone. Far from it.