That silver is leading is a positive sign. With silver’s fresh gains ahead of gold, the gold/silver ratio that topped out recently at 107.66 has now fallen to 92.
Gold dropped in total 10.8%. But silver fell only 6%... Both patterns are ultimately bullish, but we await a breakout over $3,500 for gold and above $36 for silver.
Although silver might briefly retest its rising 200-day moving average at USD 31.39 for support, the trajectory now points toward higher resistance levels.
