GLD 
SLV Gold/Siver is trading up around levels that have tended to lead to significant silver outperformance on a relative basis. However, watching the prevailing trend in the gold-silver ratio also provides some clues as to the performance of silver on a absolute basis.On the chart, marked are the three previous cases when the gold-silver ratio has broken down from its multi year up trend. When this has occurred, silver has performed quite well on both a relative and absolute basis.
Its looks possible for both gold and silver to test at a minimum the underside trend line that was lost during the recent bear market. However, due to the significantly deeper pull back observed by silver over the past 5 yrs I believe the upside relative to gold is much more significant.
Long silver on the break down of the prevailing gold-silver trend line.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.