Fibonacci Analysis applied to Gold Silver Ratio
I was curious if silver prices “lock-stepped” higher as gold to silver ratio resetted. At first, they seem to go hand in hand. For the first period… when GSR retraced … Silver retraced the same percentage.
However, Since Dec 6th… as GSR retraced 61.8% … silver diverges.. and showing relative strength by pulling back less than 38.2%.
This feels like a coiled up energy supply for silver in GSR… ready to be unleashed from a higher price point.
Edit: adding gold chart.. showing slightly more relative strength than silver.. by retracing even less!
Thanks before I even read the post on GSR.