Posts

Chart of the Day – Silver XAGUSD – (December 18th 2019)

Conventional wisdom would tell you that precious metals should be lower in this environment. Trade deal, stocks at record highs, yields rising. Silver (and gold) should be weaker. But, it is not.

Chart of the Day – Silver XAGUSD- (September 4th 2019)

The Silver market has exploded higher reaching what may be called a “Fever Pitch” as the DSI (daily sentiment index) is at extreme readings and RSI is extremely overbought.

Chart of the Day – Silver – (August 29th 2019)

Silver posted today an outside spinning top after a relentless 3 month rally higher.

Chart of the Day – Gold / Silver Ratio – (August 28th 2019)

The Gold silver ratio reversed lower last month from an almost all time record high (above 93).

Chart of the Day -XAGUSD (Silver) – (Feb 21st 2019)

The Silver market has potentially double topped. More importantly, this is happening at a key Fibonacci level and previous support from the lows back in April 2018.

Chart of the Day -Precious Metals- (Dec. 19th 2018)

Both popular precious metals (gold and silver) posted key reversal days today.

Are precious metals breaking down, or are we setting up for a big rally?

Gold and Silver are assets which have been of great importance for thousands of years. Up until a few decades ago, gold was explicitly linked to currencies (such as the US$) and was broadly used as money.