Hi Guys
I bring you here the gold/silver ratio, we played this game beautifully selling Gold for silver at 118:1. It is currently 72:1.
In the short term I can see it testing 82:1, but as you can see here it had broken the 200 Week moving average about 3.5 weeks ago.
Previously the Ratio was below the 200WMA for 128, 202, 14 weeks respectively. With the biggest drop of 47% from OCT 10 - April 11
Since we hit record highs of 126:1 I expect the closeness of the Ratio to be closer, Making Silver Still an acceptation Buy
I bring you here the gold/silver ratio, we played this game beautifully selling Gold for silver at 118:1. It is currently 72:1.
In the short term I can see it testing 82:1, but as you can see here it had broken the 200 Week moving average about 3.5 weeks ago.
Previously the Ratio was below the 200WMA for 128, 202, 14 weeks respectively. With the biggest drop of 47% from OCT 10 - April 11
Since we hit record highs of 126:1 I expect the closeness of the Ratio to be closer, Making Silver Still an acceptation Buy