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