Silver can outperform Gold during next bullish continuation

Gregor Horvat Wavetraders

Silver is now trading out of an upward channel, suggesting that a five-wave move from 32.10 could be completed, so we should be aware of a deeper A-B-C retracement that can pull the metal down towards the support at 31.70 to 32.10 area. This comes in at the previous wave four and also near the 38.2% retracement, so after a slow down and stabilization at that zone, I would still expect another move higher to follow.

Looking at GOLD/SILVER ratio its coming down from 61.8% which suggests that silver can outperform gold in next bull phase.

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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