Silver has been outperforming Gold over the last few trading sessions and is seen as the Gold Silver Ratio gapped down towards the lower part of the sideways range and below the bottom trend line. It is now also below the 20 and 50 day moving averages.
A few weeks ago, there is a post on the divergence between the rising Gold Silver ratio and a declining RSI, which suggested a lower ratio. Well, we now have a lower ratio, but will it continue to decline? It needs to drop below the last significant low which was around the 48.5 area indicated with the orange horizontal line.
The MACD and RSI are also on the decline, so it looks like a lower ratio may be realized within the next few days/weeks.
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