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Gold and silver will both ultimately relocate a lot greater, yet in the short-term, metals will certainly follow their trajectory, suggesting gold will relocate higher as well as silver will certainly lag, this according to Todd "Bubba" Horwitz of BubbaTrading.com.
" Right now, silver is in a temporary downtrend … both gold and silver surged to highs and ever since, they've both come down. The distinction is gold located some assistance around $1,560 April futures but is holding, as well as silver is proceeding that descending trajectory," Horwitz told Kitco Information.
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That gold-silver ratio will widen even more warns analyst
Gold and silver will both eventually move much higher, but in the short-term, metals will follow their trajectory, meaning gold will move higher and silver will lag, this according to Todd “Bubba” Horwitz of BubbaTrading.com.
“Right now, silver is in a short-term downtrend…both gold and silver spiked to highs and since then, they’ve both come down. The difference is gold found some support around $1,560 April futures but is holding, and silver is continuing that downward trajectory,” Horwitz told Kitco News.
___________________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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