GoldNuggets — Silver Linings-To The Moon - Tiger Brokers Online Investing Community

GoldNuggets — Silver Linings

GoldNuggets Digest: gold $Gold - main 2508(GCmain)$ price trend check, gold vs silver $Silver - main 2507(SImain)$ price, silver price long-term technicals, silver vs gold relative value indicator, investor allocations to silver...

Gold Trend

Despite the recent patch of range-trading and consolidation, gold remains in a strong uptrend (gold price trading above its key moving averages, moving averages upward sloping, 50-day above 200-day average, and overall sequence of higher highs and higher lows).

Silver Shining

Silver is also looking solid, and as of the time of writing has just surged almost 6% in a day. Silver starting to play catch-up vs gold?

Silver vs Gold Relative Value

And when it comes to silver vs gold, there is a lot of room for catch-up. In terms of relative value, silver is looking extremely cheap vs gold.

Silver Lining

Zooming out, bigger picture there seems to be a larger technical breakout playing through in Silver prices.

Investor Allocations to Silver

And yet investors are as a group still basically uninterested in silver. ETF market implied allocations are less than half the long-term average, and a fraction of where they got to during the last big silver bull market.

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Gold & Silver Hover at Highs: Wait for Continued Break?

Gold and Silver Stocks Gain. Endeavour Silver up 9.5%; First Majestic Silver, Coeur Mining up 6%; Harmony Gold up 5% ---------- With global turmoil, is gold aiming beyond $3,500 this year? If gold standard is back, would you store physical gold or not? What's your target price for gold and silver? Will silver has more upsider potential?

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