BIG buying opportunity in Silver? HUGE GAP in Gold to Silver
Hey Guys, Silver has been slammed the past few weeks, way harder than Gold, and that left a HUGE GAP in the Gold:Silver chart.
History shows in the chart that the gaps always close back together...Gold and Silver price are usually very correlated, but sometimes they diverge, sometimes one rises/drops a lot more than the other or even go opposite directions in price.
But the gaps closed back everytime looking back at the chart, will Silver rocket higher or Gold drop massively to meet Silver which is unlikely? It looks like both might have bottomed out after a huge selloff the last few weeks.
Please comment and let me know what you think!
Please upvote and follow if the chart was helpful in giving a perspective on the Gold:Silver price action!
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I think ANY silver under 18.00 is a good buy!!!
Good info! I've bought silver even when it was twenty and thirty, as I am holding it as a hedge against inflation. It seems a bargain right now! Thanks for the info!
I am very interested in buying mid-level or even junior silver mining stocks. The key is timing and buying on the dips. Your article feeds in nicely to that strategy!
I believe we'll get a further drop in gold after this bounce - to the lower boundary of the wedge - at least I'm planning for it ;)
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