Silver- More to gain than Gold
I was bullish on metals ever since mid-2019 when Gold broke above 1350 important resistance of the "rounded bottom" pattern and in fact, this was one of my first analyses on Tradingview.
Comparing Silver and Gold charts though, we can see that Silver's break lagged about a year, the important break here happening in mid-2020. Continuing this comparison, we can see that in the last months of 2010 we also have a correction on both Silver and Gold, but, after this correction was over, Gold only rose 50% and Silver doubled its value.
I expect also to be the case now and if history is to repeat its self, we can have a new all-time high from Silver by June 2012.
Going down on the daily chart. we can see that Silver "held" better than Gold in this correction and didn't made a new low, instead confirmed 22 as strong support.
Yesterday the price broke above important trend-line resistance and now is facing 25 psychological figure. I expect this also to be broken and from this point on the road up is clear for new ATH. Necessary pit stops I see from 2 in 2$, at 26, 28 and 30 recent high for the immediate period
Comparing Silver and Gold charts though, we can see that Silver's break lagged about a year, the important break here happening in mid-2020. Continuing this comparison, we can see that in the last months of 2010 we also have a correction on both Silver and Gold, but, after this correction was over, Gold only rose 50% and Silver doubled its value.
I expect also to be the case now and if history is to repeat its self, we can have a new all-time high from Silver by June 2012.
Going down on the daily chart. we can see that Silver "held" better than Gold in this correction and didn't made a new low, instead confirmed 22 as strong support.
Yesterday the price broke above important trend-line resistance and now is facing 25 psychological figure. I expect this also to be broken and from this point on the road up is clear for new ATH. Necessary pit stops I see from 2 in 2$, at 26, 28 and 30 recent high for the immediate period
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