Some say 
GOLD and 
SILVER move in tandem, but with SILVER being more unpredictable and even more volatile than $CAPITALCOM:GOLD. That is generally true. However, sometimes they divert. I believe that is the case now. Yes, the Gold Silver Ratio is slightly up recently, but the trend of SILVER is down. For GOLD it is up (see my analysis of GOLD). Downward channel on the 4H last month, keeping below its 100 EMA, and after few days of upwards movement it is due for a return to the channel bottom. RSI is flat at 51, MACD is positive but declining. SILVER is highly unpredictable and can move a lot basically without any reason. So be careful. I believe we will see SILVER move towards $26 which is the low from May. Handle with care, that being said, SILVER is excellent for scalping due to its volatility. Keep in mind though, this works both ways.
GOLD and SILVER move in tandem, but with SILVER being more unpredictable and even more volatile than $CAPITALCOM:GOLD. That is generally true. However, sometimes they divert. I believe that is the case now. Yes, the Gold Silver Ratio is slightly up recently, but the trend of SILVER is down. For GOLD it is up (see my analysis of GOLD). Downward channel on the 4H last month, keeping below its 100 EMA, and after few days of upwards movement it is due for a return to the channel bottom. RSI is flat at 51, MACD is positive but declining. SILVER is highly unpredictable and can move a lot basically without any reason. So be careful. I believe we will see SILVER move towards $26 which is the low from May. Handle with care, that being said, SILVER is excellent for scalping due to its volatility. Keep in mind though, this works both ways.Trade closed: stop reached
Confirmed breakout of the channel to the upside, trade closed. Silver is still a candidate for a short, but it seems it will take a little longer.
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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.