Long term trend has plunged into bearish (silver outperforms) on the monthly NMACD. We will likely see consolidation patterns retesting fibs and moving average confluences, then legs down in short periods. This is a very hard pair to trade on short time frames, imo. It is a good indicator of where we are this phase of the gold bull market. We will likely see gold to silver ratio below 50 before we see massive gains that a gold bull market is known for. Once this ratio gets below 20, a lot of people are going to be taking profit and trading silver for gold. That has previously been the indicator that the gold bull is coming to an end.