Is it Time Silver out perform Gold?
Hello All readers. This time I want to share a Long Term idea...
$$$ Gold/Silver Ratio $$$
This Ratio has been ranging for a LOOOOOONG time! Around 24 Years!
In 2020 , with the spread of pandemic , Commodities Price skyrocketed to new ATHs. Gold was not an exception. In The Time Gold was rising , It was also outperforming Silver which caused the Gold/Silver ratio to rise drastically, But with the scientists finding vaccine for Corona Virus , Commodity prices start to tank. So did the Gold/Silver Ratio. It returned back to the trading range and now Its about to touch the upper band of the Range again. This the point in which chooses Silvers Destiny.
If the Ratio breaks above the Level , Silver will underperform Gold. with every rise in Gold Price , Silver Wonot rise much. with every drop in gold price , Silver price will drop more.
On the other hand , If the Ratio gets rejected from that level , Silver will outperform Gold drastically. With Every rise in gold price , Silver price will rise much more and with Every drop in gold price , Silver price wonot drop much.
Which one do YOU think will happen? Pls comment Below. Im really looking Forward to seeing your Ideas.
$$$ Gold/Silver Ratio $$$
This Ratio has been ranging for a LOOOOOONG time! Around 24 Years!
In 2020 , with the spread of pandemic , Commodities Price skyrocketed to new ATHs. Gold was not an exception. In The Time Gold was rising , It was also outperforming Silver which caused the Gold/Silver ratio to rise drastically, But with the scientists finding vaccine for Corona Virus , Commodity prices start to tank. So did the Gold/Silver Ratio. It returned back to the trading range and now Its about to touch the upper band of the Range again. This the point in which chooses Silvers Destiny.
If the Ratio breaks above the Level , Silver will underperform Gold. with every rise in Gold Price , Silver Wonot rise much. with every drop in gold price , Silver price will drop more.
On the other hand , If the Ratio gets rejected from that level , Silver will outperform Gold drastically. With Every rise in gold price , Silver price will rise much more and with Every drop in gold price , Silver price wonot drop much.
Which one do YOU think will happen? Pls comment Below. Im really looking Forward to seeing your Ideas.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.