SILVER will heavily outperform GOLD in 2021
I've looked into the SILVER/GOLD ratio a few times in the past and I can tell with a certain degree of confidence that we have a strong confirmation that Silver will outperform Gold in 2021.
The reason is the MA50 (blue trend-line) on the 1M chart, which broke earlier this year and since August has turned into a Support. Since 1993, every time that happened (1M MA50 break-out which then turns into Support), then the Silver/ Gold ratio rises aggressively, meaning that Silver heavily outperforms Gold.
Note that the last two times this happened, the ratio topped just over the -1.5 Fibonacci extension (from the bottom to the break-out of the MA50). The -1.5 Fib extension is now at 0.025.
Do you think history will be repeated?
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The reason is the MA50 (blue trend-line) on the 1M chart, which broke earlier this year and since August has turned into a Support. Since 1993, every time that happened (1M MA50 break-out which then turns into Support), then the Silver/ Gold ratio rises aggressively, meaning that Silver heavily outperforms Gold.
Note that the last two times this happened, the ratio topped just over the -1.5 Fibonacci extension (from the bottom to the break-out of the MA50). The -1.5 Fib extension is now at 0.025.
Do you think history will be repeated?
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> TradingView
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