SILVER - Easy Rider
Diupdate
While Gold printed a big rally in May and June, Silver was just lagging.
The XAUXAG ratio near to all time highs.
I think it's time for Silver to catch up and make a huge rally in the second daily cycle of this precious metal intermediate cycle. Silver's ICL occured on the 20th of May while Gold's ICL was on the 2nd of May, so it printed the ICL 3 weeks later than Gold.
It seems the DCL was just a flag on the Silver chart.
The XAUXAG ratio should drop down to 86 in the following weeks.
Silver might test the 17-17,5$ zone by September overperforming Gold in this second daily cycle.
The XAUXAG ratio near to all time highs.
I think it's time for Silver to catch up and make a huge rally in the second daily cycle of this precious metal intermediate cycle. Silver's ICL occured on the 20th of May while Gold's ICL was on the 2nd of May, so it printed the ICL 3 weeks later than Gold.
It seems the DCL was just a flag on the Silver chart.
The XAUXAG ratio should drop down to 86 in the following weeks.
Silver might test the 17-17,5$ zone by September overperforming Gold in this second daily cycle.
Catatan
Silver is on the cusp of the breakout from the flag:Catatan
Broke out:Catatan
We have the follow through day.Catatan
Despite a strong dollar, despite the good data, Despite Gold in minus today Silver broke out powerfully
Catatan
XAUXAG ratio...
Catatan
In hindsight it looks like an obvious easy trade. But in real time it looked like silver would be worthless soon.Catatan
We are at the multi year trendline:Catatan
If this breaks...Catatan
18$ is coming...Catatan
Don't forget that silver can easily print 1 or 2 $ up days .Catatan
Banks are fighting hard to stop the metals rally. But silver seems unstopable. It willLead the sector breaking the bank manipulation;
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