The top portion shows silver/nasdaq ratio.
The middle portion shows the gold/silver ratio.
The bottom portion shows the silver price.
Here we have two ratios, which both appear to be about to breakout higher and lower respectfully. See what happens when they do.
Silver (2/4)
When this happens, it is usually followed by a long rally in the silver price and a rotation into precious metals occurs.
Another ratio which appears to be signalling a bottom in the silver price is Silver/M2 money supply near all time lows.
Silver (3/4)
The GDX which comprises of gold and silver miners, appears to be trapped in an upward trend channel.
Recently a low has been made at 30 with the upper bound limit of 51 the next target. #GDX#miners
Silver (4/4)
A rotation out of bitcoin, into silver? A lot of money has been chasing crypto the last few years. Maybe this will change going forward with a more balanced approach. The silver/bitcoin ratio appears to be breaking out.
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When the price of Silver is compared to the total US debt, again, the metal is as cheap as it has ever been, going back to 1970.
Even when the price hit $50 in 2011, silver got nowhere near to covering as much of the US debt, as was covered back in the 1980's peak.
(3/7)
Comparing the price of silver to the broad M2 money stock shows that the silver price is covering as little of the US M2 money supply as it ever has. Our perception of silver is distorted.
If silver were to back US money, this ratio would need to be much, much higher.