GOLDSILVER RATIO, Moving In Downtrend-Channel, More To Come! Hello, Traders Investors And Community, welcome to this analysis about the gold-silver ratio, its current price-action, and what we can expect the next time. In my observation, I found some significantly sings in the chart which will affect the ratio fundamentally farther the next days and weeks. Th
About GOLD/SILVER RATIO
The Gold-Silver Ratio represents how many ounces of silver it takes to buy a single ounce of gold. Today the ratio floats, since gold and silver prices are adjusted daily by market forces, but this wasn't always the case. The ratio has been permanently set at different times in history - and at different places - by governments seeking monetary stability.
Trading the Gold-Silver Ratio makes sense for those worried about devaluation, deflation and currency replacement. Precious metals have a proven record of maintaining their value in the face of any contingency that might threaten the worth of a nation's fiat currency.
The Fateful Golden Candles of 22 and 23Hey everyone!
In the previous idea that I made on December 30 last year. I stated that a gold candlestick in the green zone determines the goldsilver price trend in 2022 and based on that I expected a zigzag and bullish price in 2022 for goldsilver.
But what to expect in 2023?
The trend of the c
Gold / Silver Ratio vs DXYThe Gold/ Silver ratio is now highly correlated to the US Dollar Index . Why ? Simple . Because a "Real" precious metals bull market is always characterized by two main things ... 1. A falling US Dollar and 2. Silver outperforming Gold .
Here we have both these indexes confirming each other and turn
GOLDSILVER ratio- BUY strategyThe GOLDSILVER ratio is low, and MACD being positive right now, and a low RSI suggest this being a reasonable trade to look at.
The strategy is to BUY GOLD vs. SILVER in of course measured equal USD values and take profit for the ratio @ 82.75 for now. Place stop-loss below 78.25 for now.
Gold / Silver and what it means for SilverSilver is losing to gold as it has been for months, but we're getting close to the gold/silver ratio of 98-100 area. At that point this chart should reverse which likely means - Gold starts getting a bid and Silver starts to outperform Gold. So yeah this ongoing dip might be the one to buy for long
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Related symbols
GoldGOLDGold/SilverXAUXAGGold Spot / U.S. DollarXAUUSD
Silver / U.S. DollarXAGUSDGoldGC1!SilverSILVERSILVER FUTURESSI2!SilverSI1!GOLD FUTURESGC2!