Long

Silver Trading in a range and its undervalue with gold prices

By Trend-Reversal

Updated

Silver is trading in a range from some time and lagging behind gold but if 16.28$ breaks on the upside than it can show a good movement in coming days and can outperform gold as there is pricing mismatch of gold to the silver ratio which is at its all historic high and the hidden undervalue of silver could provide a bargain hunting for traders.

Note

Short term traders can book profit around 19-19.3$ medium term trend is still bullish.

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