A Massive Silver Rally Could Be Shaping Up, Says This Chart (SLV)

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February 24, 2018 7:22am NYSE:SLV


From Chris Kimble: Below looks at the Silver/Gold ratio over the past 30-years. Silver and Gold bulls want to see this ratio heading higher, as when it does, historically both are moving higher.

Over the past 20-years when the ratio was hitting a certain level, Silver rallied at least 20% each time.

The trend is in the ratio has been lower since it hit the top of 30-year trading range back in 2011, suggesting that “buy and holding metals” was not the best of ideas.

Joe Friday Just The Facts Ma’am– Each time the ratio has hit support line (1) over the past 20-years, Silver has rallied at least 20%.

To be long and strong metals, this support line needs to hold and a breakout needs to take place at (3)! Historically if support doesn’t hold, Silver doesn’t rally 20%….very important what the ratio does here friends.

The iShares Silver Trust ETF (SLV) closed at $15.59 on Friday, down $-0.07 (-0.45%). Year-to-date, SLV has declined -2.50%, versus a 2.94% rise in the benchmark S&P 500 index during the same period.

SLV currently has an ETF Daily News SMART Grade of B (Buy), and is ranked #13 of 35 ETFs in the Precious Metals ETFs category.

This article is brought to you courtesy of Kimble Charting Solutions.

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