Short for GOLD/Silver ratio. Its been at 80 range for long time and if penetrates trough 79 is highly likely to stop at 76 area. Two main concerns with this trade:
1. Price of the gold is high right now and it is possible to drop down to 1220 very soon.
2. On opposite site silver is under\valued and from 16.50 zone it wont be surprise to reach 17.50 and above.
Simple math 1220/17.50= 69.71 which makes sense.
1. Price of the gold is high right now and it is possible to drop down to 1220 very soon.
2. On opposite site silver is under\valued and from 16.50 zone it wont be surprise to reach 17.50 and above.
Simple math 1220/17.50= 69.71 which makes sense.