The silver price (XAG/USD) has been in a technical uptrend since mid-December, with rising highs and lows.
The precious metal clearly outperformed gold in recent weeks, which is why we clearly prefer this asset.
Already in July last year, we had drawn attention to the very high gold-silver ratio and the historically exceptional situation in silver!
The following chart illustrates this very clearly.
On the current situation:
The directional filters are long from now on. Provided that there is no sustained break of the support at USD 26.70 and USD 25.90, we expect a further price increase to the upper boundary level between USD 29 and 30.
We advise caution around February 24 at the latest! Then, the momentum should flatten significantly, which makes a multi-day decline very likely.
(Our turning dates have an average tolerance of 3 days. In 80% of the cases it is 2 days).
Note:
Within our G.I. Swing trading strategy uses three special analysis methods. In this article, only partial aspects were published and does not represent a complete trading system, investment advice or purchase recommendation.
The precious metal clearly outperformed gold in recent weeks, which is why we clearly prefer this asset.
Already in July last year, we had drawn attention to the very high gold-silver ratio and the historically exceptional situation in silver!
The following chart illustrates this very clearly.
On the current situation:
The directional filters are long from now on. Provided that there is no sustained break of the support at USD 26.70 and USD 25.90, we expect a further price increase to the upper boundary level between USD 29 and 30.
We advise caution around February 24 at the latest! Then, the momentum should flatten significantly, which makes a multi-day decline very likely.
(Our turning dates have an average tolerance of 3 days. In 80% of the cases it is 2 days).
Note:
Within our G.I. Swing trading strategy uses three special analysis methods. In this article, only partial aspects were published and does not represent a complete trading system, investment advice or purchase recommendation.
