Now, today, there are up-moves in both metals, gold +1.26%, silver +2.58% about a 2x out-performance on the upside move.
There has therefore been a down-move in the gold:silver ratio from its extreme levels of late around 95:1. A gap in fact. Will this gap be "filled" as many like to predict in these instances? Is a gap in a ratio like this as valid as a gap on the open in a stock and how about in commodities like these where there is nearly 24 hour trading - although I guess stock futures trade out of hours too? I cannot tell.
1 comment:
This is a helpful resource for understanding the silver rate in Dubai and across the UAE. The information about current silver prices, purity levels, and factors that influence the market makes it easier for readers to understand silver pricing. It’s useful to check the latest rate before buying or selling silver, as prices can change throughout the day.
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