Silver, Gold & Broken Records
We may have started to sound like a broken record with our repeated stance in favour of silver over gold over the last 6-9 months, via our numerous bearish takes on the gold/silver ratio. But once record that just broke is the number of speculative longs in silver at the Comex, which reached a net 105,515 contracts, compared to gold net longs, reaching 172,666 contracts, but remain 50% below the record reached last summer.
Silver bears may be pointing to the failure to break above the 50% retracement of last year's high-low move, but the bulls remain fixated on silver's higher lows and the potential golden cross on the daily and weekly charts. The higher lows on the gold/silver ratio are the less obvious but more powerful signal.
Premium subscribers were told about the implications of a falling gold/silver ratio. Both gold and silver trades in the Premium Insights remain open and in the green.
More Hot-Charts
-
Latest on Gold Analog تحديث تناظرية الذهب
Feb 27, 2025 18:12 | by Ashraf Laidiسأرسل مذكرة توضيحية للمجموعة حول هذه المخططات . Will discuss the latest technical parameters on the WhatsApp Bdcst Group .. -
US100 vs Nasdaq100
Feb 7, 2025 14:05 | by Ashraf Laidiسأرسل مذكرة توضيحية للمجموعة حول هذه المخططات - Will discuss the latest technical parameters on the WhatsApp Bdcst Group.. -
Gold update
Feb 5, 2025 13:40 | by Ashraf Laidiسأرسل مذكرة توضيحية للمجموعة حول هذه المخططات Will discuss the latest technical parameters on the WhatsApp Bdcst Group..
