Gold and silver have climbed higher as expected. Both precious metals now look ready to make new multi-month highs.
Gold and silver have climbed higher as expected. Both precious metals now look ready to make new multi-month highs.
Silver has rallied above its 200-day moving average. It is now contending with resistance at the horizontal red line drawn at $15, which is a dividing line between overhead resistance and underlying support.
It has taken a lot of patience, but the gold/silver ratio finally sliced through support at the 68-69 area. The ratio has clearly broken down, meaning that silver is now outperforming gold.
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Money is routinely defined by what it does, rather than what it