Gold Silver Next الذهب و الفضة
Gold/Silver ratio broke below the important horiz support of 63, which could mean further declines in the ratio & fresh upside in both XAUUSD & XAGUSD.
Starting from point 1 on the chart, when gold/silver ratio bottomed at 63 and rebounded from 2016 to 2019, both gold and silver fell against the US dollar.
Similar development from point 2, when gold/silver ratio bottomed at 63 and rebounded from 2021 to 2022, both gold & silver fell against the US dollar.
Today, as G/S ratio breaks below 63, it raises the possibility for further gains in gold and silver vs the dollar. See my video on why silver will hit $150.
Click To Enlarge
