GOLD-SILVER ratio - SILVER should be preferred
The ratio made an impulsive thrust to the downside, as Silver rallied with a vengeance from COVID lows. The move has corrected in three waves and magenta SMA and 86.70 historical longterm resistance level should contain any advance.
High in the ratio, made during COVID crisis is of great significance, marked unprecedented overperformance of Gold, which shoul now be reversed to the mean, at least.
High in the ratio, made during COVID crisis is of great significance, marked unprecedented overperformance of Gold, which shoul now be reversed to the mean, at least.
