Silver might be at the start of a new cycle

١٢ أكتوبر ٢٠١٥

The Gold/Silver ratio is currently suggesting that silver might outperform gold if commodities continue to rise. I'm basing this mostly on the recent price action in the GC1!/SI1! ratio as signs of fatigue have appeared just below a long-term channel resistance. Note that silver prices alone successfully held the 2014 lows at $14. Those who are aggressively bullish on battered commodities are likely betting on a double bottom, which remains to be seen in the weeks ahead.