G/S Ratio Breaks Out. Bearish for Gold & Silver
The Gold-Silver ratio, which represents the number of ounces of silver required to purchase one ounce of gold, is currently showing a bearish trend. This is evident from the ratio breaking its 19-day chart, indicating a significant shift towards bearishness for precious metals. This trend suggests that the market may experience many months of downside, which could lead to a considerable decline in the prices of gold and silver. Investors may want to exercise caution and consider diversifying their portfolios in light of this trend.
I am shorting silver.
I am shorting silver.
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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.