At this moment, Silver looks technically stronger than Gold – and here’s why:
• Last Monday’s drop: Both Gold and Silver fell sharply, but what followed made the difference. While Gold moved sideways in consolidation, Silver bounced faster and even printed a new local high at 38.80, touching key resistance.
• Friday’s candles: Gold closed the day with a bearish pin bar, while Silver showed the opposite – a bullish pin bar, signaling demand at lower levels.
• Asian session behavior: Gold made a new low, but Silver instead printed a higher low, adding further strength to the bullish case.
📌 Conclusion:
As long as 37.50 holds, Silver’s structure remains constructive.
• A confirmed breakout above 38.80 resistance will open the way for a new leg higher.
• In that scenario, I expect the 40+ zone to be tested.
Silver is quietly building relative strength against Gold – a signal traders shouldn’t ignore. 🚀
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.