Friday, July 23, 2010

Silver : Gold Ratio Chart Updated For Friday

Silver in terms of gold touched the 1st of two downtrend lines today and then retreated back from it.  Silver will need an extremely strong push through this are if it is to have a chance of appreciating against gold in the near term. 

If silver in terms of gold continues to be rejected to the downside of the trend line, then any possible significant rise of silver in terms of gold will remain muted until a future time.