Gold - Silver Ratio 2019 / Commodities / Gold & Silver 2019
This is the 2nd article in a series of 4 articles that concludes in a trend forecast for the Silver price 2019.
Silver Price Trend Forecast 2018 ReviewGold - Silver RatioSilver Price Trend Analysis 2019Silver Price Trend Forecast Conclusion for 2019The whole of this analysis has first been made available to Patrons who support my work.
So for immediate First Access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $3 per month. https://www.patreon.com/Nadeem_Walayat.
Gold - Silver Ratio
The Gold-Silver ratio is trading at an historic extreme of 85.27, at a level not seen for 25 years. In comparison the historic average is 50 which on the current Gold price of $1220 would have the Silver price trading at $24.40. However the ratio chart shows heavy support at around 67 which equates to a Silver price of $18.20 thus an achievable target for Silver in terms of its valuation against the Gold price, on successful achievement of which Silver could target a ratio of 50 ($24.40). So theGold - Silver ratio is bullish for Silver suggesting that the Silver price 'should' at least target $18 during 2019.
The rest of this analysis was first been made available to Patrons who support my work.
To get immediate First Access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $3 per month. https://www.patreon.com/Nadeem_Walayat.
Your analyst,
Nadeem Walayat
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Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.
Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk
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