Current ABCD target for Gold-to-Silver Ratio is saying that Gold could be priced at 31.81 times the price of Silver in the future. As of Fridays close, Gold is priced at 85.14 times the price of Silver.
For example on its monthly chart, Gold currently has a potential ABC up target of $2,716. If Gold gets to $2,716/ounce, Silver could be worth $85 if the Gold-to-Silver Ratio pattern completes at the same time because $2,716/31.81 = $85. Also SIlver has a potential Cup & Handle formation on its log chart that measures to approximately $90-95. Is this a coincidence?...maybe.
But as long as the current Gold-to-Silver Ratio pattern does not go higher than 96.16 (which would invalidate this pattern), I think Gold will be priced at 31.81 times the price of Silver at some point in the future.
Note of caution, this does not mean that the price of Gold will be higher when this pattern completes.
For example on its monthly chart, Gold currently has a potential ABC up target of $2,716. If Gold gets to $2,716/ounce, Silver could be worth $85 if the Gold-to-Silver Ratio pattern completes at the same time because $2,716/31.81 = $85. Also SIlver has a potential Cup & Handle formation on its log chart that measures to approximately $90-95. Is this a coincidence?...maybe.
But as long as the current Gold-to-Silver Ratio pattern does not go higher than 96.16 (which would invalidate this pattern), I think Gold will be priced at 31.81 times the price of Silver at some point in the future.
Note of caution, this does not mean that the price of Gold will be higher when this pattern completes.