On Monday I noted the breakdown of the T4 pattern in the gold:silver ratio. I suggested we could see a violent move higher in the silver market.
Today silver broke through the down trend line. Intraday silver has tacked on over 12% in only 3 days. Like I said, the repricing in silver could get violent as silver moves back to a more historically "normal" price compared to gold.
Even if gold stays at $900 silver would have to rise to $25 to approach fairly valued.
2 months ago