SILVER vs S&P 500

11 Kas 2014

In this chart we can see Silver performance versus S&P 500. Relatively silver is undervalued and stocks are overpriced. It looks like silver is breaking the longterm channel started in nineties, but in my opinion it's a false breakdown. Looking at the bear market started in 2011, silver downtrend is overstretched. I expect a sharp rebound of silver while stocks to crash or consolidate.