Courtesy of Chris Kimble.
When Silver is reflecting relative strength over Gold, the metals complex is often doing very well.
The chart below compares the performance of Silver ETF (SLV) against Gold ETF (GLD). A big test for the metals complex is taking place in the chart.
CLICK ON CHART TO ENLARGE
SLV/GLD ratio is testing dual resistance at (1), as the ratio has remained inside of falling channel (A) for the past 5-years.
If the ratio jumps over dual resistance, it would send a bullish message to both Silver & Gold.
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