The gold/silver ratio currently resides around 62.5. A break of resistance currently being tested by the ratio could be positive sign for both metals.
“Metals bulls want and need resistance line to be broken to the upside,” notes Kimble.
Gold/Silver Ratio
Chart Courtesy: Kimble Charting Solutions
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of GLD and SLV.