A sideways B of B wave is almost complete and a violent C of B may be next. A breakup on GSR would likely be larger drawdown in metals.
If the GSR breaks down, it's very bullish for metals, but right now momentum looking like it wants to go up.
If the GSR breaks down, it's very bullish for metals, but right now momentum looking like it wants to go up.
Note
GS getting close to a breakout here. Silver is getting killed. Note
silver is close to major support of 22.30 with hidden daily bullish divergence. Note
breakout on G/S ratio - bad for metals especially silver. Note
weekly breakout continues, Any drop in the ratio is a short opp for silver especially. 
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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.