Courtesy of Chris Kimble.
Since the 2011 highs in the metals sector, Silver has been weaker than Gold (fell harder). Below looks at the past few years of the Silver ETF (SLV) compared to the Gold ETF (GLD).
CLICK ON CHART TO ENLARGE
The SLV/GLD ratio has remained inside of the above falling channel for the past few years, reflecting the SLV has been weaker than GLD.
Of late the ratio has attempted to break free from this falling channel, will no success.
This past week, the ratio blasted out of the falling channel, reflecting the SLV was much stronger than GLD at (1).
Full Disclosure- Members are long Silver
–
To become a member of Kimble Charting Solutions, click here.
