With the price of silver surging for the 3rd straight day, silver is the chart of the day, plus a look at gold.
Tech Talk: Silver Leading The Charge
May 18 (King World News) – Top Citi analyst Tom Fitzpatrick: Chart of the day is Silver (see below).
Silver Set To Surge To $28, First Stop $21+
Gold
Gold: Has pushed to new highs in the trend. Next targets are around $1,800 and then the all-time high at $1,921…
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Gold/Silver Ratio
The Gold/Silver ratio continues to break lower and looks to be setting up for a bearish outside month targeting a move towards 80 (about 20% below here) suggesting continued Silver outperformance.
***To listen to Alasdair Macleod’s powerful KWN audio interview discussing what to expect in the back half of 2020 and well as in the gold and silver markets click here or on the image below.
Silver And The Reflation Trade
***Also Released: REFLATION TRADE: “Silver Is Now My Favorite Asset In The World Right Now” CLICK HERE.
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