When this ratio turns back down... bottom is in for silver!
bullish reversal confirmed with daily close above 27.20 bullish continuation with daily close above 28.99 (will add a new white line)
a daily close above 17.78 confirms bullish continuation (adds a new white line) a daily close below 14.39 confirms bearish reversal (adds a new red line)
A close above 28.27 would confirm a bullish continuation. while a close below 19.32 would confirm a bearish reversal.
And when gold moves... it moves.
No where near blow off top. Hold on tight boys & girls.
A repeat 61% move would bring oil above horizontal breakout line at 74$.
Not trolling, just observing how gold and silver are trading vs bitcoin and ethereum. Has nothing to do with which one will appreciate more or less. Just understand what's the speculation component of your trade vs currency volatility.
A strong run up for this index is followed by a correction... which silver THRIVES in... Run up in progress.. when it ends... silver explodes.
Silver's Quarterly Line Break Chart showing current bull run for silver is just the "run-up". A quarterly close above 38$ unleashes the fire works.
What's next for this precious metal leader? Been in a line break defined uptrend since turn around in 2008 and confirmed in Q1 2010.
2070$ target enacted, to retrace to neckline.
Sugar still got to move another 40% to prove scary inflation is on the way.
Decision for US Dollar in progress on 8 hour chart. Can tip the balance eventually on daily chart.