Silver Futures Index $SILVER (SILVER)

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What's Wrong with Silver
By: Marty Armstrong | July 4, 2019

One of the serious questions behind the gold rally is that silver has been floundering. The silver/gold ratio normally declines in a rally whereas here we have the ratio expanding toward the old high rather than the lows. This is again reflecting that the gold rally has been more political with the central banks on the opposite side of the USA and EU shifting to neutral territory buying gold for fear of geopolitical problems in the future. If you do end up in war, the worst thing to have is your opponent's debt.

The main buy point in silver requires a monthly closing above the 1750 level. This is also why our timing models are showing so many directional changes in gold into mid-2020. The failure of silver to join gold warns that all is not well just yet.

We are preparing a major gold-silver report to be produced covering the strange developments in the geopolitical and economic trends underlying everything.

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