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.
My favorite #inflation gauge (calculated by J Taylor at https://t.co/R4JSA3XE2Q) hit a new all-time high Friday. Th… https://t.co/amgZbWB3e94 hours ago
Big moves up today in #gold & #silver prices may be the beginning of their long overdue climb higher. #inflation Si… https://t.co/aSYvBBvt642 weeks ago