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Silver to become the new gold – Credit Suisse

Strategists at Credit Suisse have noted a great silver performance lately and expect the white metal to look for the $26.22 resistance on a break above $21.14. What’s more, Gold/Silver ratio shows the latter is in line to extend its outperformance. 

“Silver continues to push its way higher and there are seen clear similarities between price action now and that of gold last year. However, only above 19.65/21.14 would see a multi-year base confirmed, with next resistance then seen at $26.22.”

https://www.fxstreet.com/news/silver-to-become-the-new-gold-credit-suisse-202007130721

 

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