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.
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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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