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Silver consolidated around $18 last week. Gold / Silver ratio is currently floating around 86.6.
Silver incurred in an important price increase in 2019, especially after the Fed cut interest rates in July and September (2019). However, the metal has not been able to break the $19 price range consistently.
From a technical point of view, in the long run, I would be Neutral. However, the Gold / Silver ratio is still high, and, in my opinion, the disparity between the value of Gold and the value of Silver offers a profitable investment opportunity.
Investing Fellow
Disclosure: My ideas contain statements and projections based on assumptions on capital markets, and therefore inherently subject to numerous risks and uncertainties.
Before buying or selling any stock you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.
I am not a financial advisor.
Silver consolidated around $18 last week. Gold / Silver ratio is currently floating around 86.6.
Silver incurred in an important price increase in 2019, especially after the Fed cut interest rates in July and September (2019). However, the metal has not been able to break the $19 price range consistently.
From a technical point of view, in the long run, I would be Neutral. However, the Gold / Silver ratio is still high, and, in my opinion, the disparity between the value of Gold and the value of Silver offers a profitable investment opportunity.
Investing Fellow
Disclosure: My ideas contain statements and projections based on assumptions on capital markets, and therefore inherently subject to numerous risks and uncertainties.
Before buying or selling any stock you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.
I am not a financial advisor.
