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For the first time in 2013, Silver ETF is breaking above falling resistance line (1). At the same time Smart money traders are positioned for a rally in Silver. A break above resistance is a positive for Silver.
If you want to own metals, should you own Silver or Gold? The chart below might be of help to you!
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The last time this ratio broke resistance in 2010, Silver rallied well over 100% in a matter of months. Are the patterns suggesting another 100% rally in Silver? Not going there. This ratio is to help investors determine whether they should invest in Gold or Silver.
What is a positive for Silver is a break above resistance and a break above resistance for the ratio!
Members are long Silver due to this Power of the Pattern set up, with specific stops in place.
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