Silver September Surge; Initial Rally Validating Gold/Silver Ratio Analysis.
09/14/22 Weekly Re-Lay Alert – “Gold & Silver are slowly validating expectations for Sept ’22 while providing additional clues on what to expect in 4Q ’22…
As described for several months, Sept ’22 would likely be the time when Silver began to overtake Gold – at least in respect to the magnitude of its gains. Sept ’22 was/is also the most likely time for an accelerated 2 – 3 week rally… Silver is fulfilling that while laying the groundwork for another surge after the current (brief) pullback…
It closed above its declining daily 21 High MAC and turned its daily trend up on Monday – a lagging/ confirming indicator that usually times an initial high…
On a broader basis, the XAU made it down to, and has initially bottomed at, pivotal range-trading & multi-month support near 95.00/XAU (after swinging in ranges bordered by ~60.0, ~95.0, ~130.0 & ~165.0/XAU for the past 2+ years).”
Silver is slowly validating what has been discussed throughout this year – that Sept ’22 would usher in the time when Silver begins to overtake Gold and sees stronger rallies due to multiple factors. Silver’s initial intermediate advance is projected to take it up to 22.50/SIZ, but the subsequent action is what could be the most revealing.
How Quickly Can Silver Surge to ~22.50/SIZ?
What Does (Potential) Shift of Gold/Silver Ratio Portend??
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.