Gold Market Wire
News, analysis and commentary for gold traders and investors
Silver Market Update
Silver's New Power Uptrend Develops
May 20, 2020 - (Gold Market Wire) - True to its "Gold on Steroids" reputation, Silver is forming a very powerful uptrend. With the Gold/Silver ratio still hovering around 100/1 there is a lot of upside potential for Gold's "little brother".
A look at the chart:
Riding a silver bull is always an exciting, if hair-raising experience. The volatility means thrills and spills galore, and the present market is no different. By comparison, Gold is calm and sedate - just like the elder sibling should be. It's typical of the world of silver to make simply staggering moves. Just casting back to the low on March 18th - - we have moved 50% in two months!
That's why its important to size it right. Keep it small, and avoid margin like the plague.