Silver & Gold; Bullish Message If They Jump Over This

By Chris Kimble of Kimble Charting Solutions

CEO of Kimble Charting Solutions • Aug 10, 2016 at 9:13 AM EDT

SLV/GLD ratio is testing dual resistance as the ratio has remained inside of falling channel for the past 5-years. If the ratio jumps over dual resistance, it would send a bullish message to both Silver & Gold.

bull jumping over car

When Silver is reflecting relative strength over Gold, the metals complex is often doing very well.

The chart below compares the performance of Silver ETF (SLV) against Gold ETF (GLD). A big test for the metals complex is taking place in the chart.

SLV/GLD ratio is testing dual resistance at (1), as the ratio has remained inside of falling channel (A) for the past 5-years.

If the ratio jumps over dual resistance, it would send a bullish message to both Silver & Gold.

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