Hey Guys, Silver has been slammed the past few weeks, way harder than Gold, and that left a HUGE GAP in the Gold:Silver chart.
History shows in the chart that the gaps always close back together...Gold and Silver price are usually very correlated, but sometimes they diverge, sometimes one rises/drops a lot more than the other or even go opposite directions in price.
But the gaps closed back everytime looking back at the chart, will Silver rocket higher or Gold drop massively to meet Silver which is unlikely? It looks like both might have bottomed out after a huge selloff the last few weeks.
Please comment and let me know what you think!
Please upvote and follow if the chart was helpful in giving a perspective on the Gold:Silver price action!
Congratulations @contrarianinvest! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honnor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPBy upvoting this notification, you can help all Steemit users. Learn how here!
I think ANY silver under 18.00 is a good buy!!!
Good info! I've bought silver even when it was twenty and thirty, as I am holding it as a hedge against inflation. It seems a bargain right now! Thanks for the info!
I am very interested in buying mid-level or even junior silver mining stocks. The key is timing and buying on the dips. Your article feeds in nicely to that strategy!
I believe we'll get a further drop in gold after this bounce - to the lower boundary of the wedge - at least I'm planning for it ;)
Congratulations @contrarianinvest! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honnor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPIf you want to support the SteemitBoard project, your upvote for this notification is welcome!