Gold / Silver Ratio is in danger of breaking down from a multi-year ascending wedge.

The Gold silver ratio reversed lower last month from an almost all time record high (above 93). This recent move looks impulsive in nature and has brought price a breath away from a multi-year ascending wedge’s support T/L which dates back to 2011! A break below 83.50 targets the 81.50 horizontal support area which might be the last stand for any remaining bulls. We want to stress out that historically, silver’s overperformance (bearish Gold/Silver ratio) is bullish for both metals.

Gold / Silver Ascending Wedge

Steve Voulgaridis