Like Gold and Silver, the ratio is also in a large trading range which does not look like it is gong to make a significant move one way or another. That is until a catalyst of some kind moves one of the metals while the other is stagnant.
The ratio is above the 50 and 200 day moving average - Bullish
Even though it has been in a trading range since last October, it is on an ascent - Bullish
It is overbought on the Slow Stochastics indicator - Bullish if it should embed, otherwise, Bearish.
Looks like some heavy resistance near the 58 level which was a low point in September 2010. (Green line)
There is not too much exciting here, the ratio may continue this trading range until fall and the 'seasonals' come into play. (If they do this year).
The ratio is above the 50 and 200 day moving average - Bullish
Even though it has been in a trading range since last October, it is on an ascent - Bullish
It is overbought on the Slow Stochastics indicator - Bullish if it should embed, otherwise, Bearish.
Looks like some heavy resistance near the 58 level which was a low point in September 2010. (Green line)
There is not too much exciting here, the ratio may continue this trading range until fall and the 'seasonals' come into play. (If they do this year).
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