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Silver / Gold Ratio Approaching Target

|Includes:GLD, iShares Silver Trust ETF (SLV)

SLV:GLD keeps moving higher followed my projection in one of my previous post. The technical target is the height of trend channel that defined the movement of the pair in the past 7 months. As shown in the chart below, it is approaching to its target. As a key technical target, weakness is expected when it's hit. Nonetheless hitting the target is not a trigger for shorting SLV and longing GLD. The behavior of the pair at the target shall be watched closely by traders to understand future direction. 

Click to enlarge

Stocks: SLV, GLD