Watch The Silver/Gold Ratio Very Closely Here (GLD)

Share This Article
June 8, 2018 6:13am NYSE:GLD

Technical analyst Chris Kimble examines the silver/gold ratio and finds reason to be optimistic for both precious metals.



Above looks at the Silver/Gold ratio over the past 18-years.

Three different times the ratio hit support alone line (1) and turned higher, sending a positive message to Silver and Gold.

The ratio hit 15-year support again a couple of months ago, which appears to have held.

Last month and this month the ratio is pushing higher and is now attempting a breakout at (2). A push higher by this ratio is a positive for both Silver and Gold.

If charting and actionable ideas on Gold, Silver, Mining stocks and Copper are of interest to you, we would be honored if you were a Metals Member.


The SPDR Gold Trust ETF (GLD) rose $0.25 (+0.20%) in premarket trading Friday. Year-to-date, GLD has declined -0.64%, versus a 4.35% rise in the benchmark S&P 500 index during the same period.

GLD currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #1 of 32 ETFs in the Precious Metals ETFs category.


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


9 "Must Own" Growth Stocks For 2019

Read Next



Get Free Updates

Join over 50,000 investors who get the latest news from ETFDailyNews.com!

Most Popular



Explore More from ETFDailyNews.com

Free Daily Newsletter

Get daily ETF insights from our market experts. Never miss another important market development again!

ETFDailyNews.com respects your privacy.

Best ETFs

We've rated and ranked nearly 2,000 ETFs and ETNs using our proprietary SMART Grade system.

View Top Rated ETFs

Best Categories

We've ranked dozens of ETF categories based on relative performance.

Best ETF Categories