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Silver should be at an intermediate low soon roughly in the 15.75-15-87 zone. The minimum expectation for the rally is $22. The gold/silver ratio should top out soon in the 80-81 area. Probable target for the ratio in the next rally is 60. That is $22 silver coincides with a $1320 top in gold.
The extended target is $26 for silver likely to produce $1560 gold. The key point is that silver should outperform in this rally period
Nice Visual Ranchida…..that would be great
Are these your charts
You are Debris from Trading View ?
Yes, these are my charts. It’s a rough guide to where I think we’re going over the next few months.
I’m expecting a very quick move.
Gold in Euros is a good cross check and the target I keep getting is 1190
Can’t help but wonder if blue C and black C aren’t set to start later this month.
I just posted to Sam @MM that bucky may be topping this month (on what I call a LT sell short setup), and so it seems poised for another drop (retrace at least, perhaps new lows).
If its the latter, then the PMs gallop sooner and farther.
I have a confirming setup on Treasury yields (down), so perhaps a general market swoon will propel that, and the PM rebound.