Silver Is Looking Very Good 白银非常看好

Silver rallied big today by up 4.83% to $18.71 while Gold is up only 1.08% to $1531.50. Since August 1 low to today's close Gold rallied 8.4% while Silver rallied 17.4% during the same period.
One reason for better price action in Silver is the Gold and Silver Ratio has gone to extreme. During the last 20 years, when Gold and Silver ratio rose above 80 it always retreated.  As a result, Silver usually rallied hard to catch up with Gold. This time this ratio rallied to an extreme level of 95 in July before falling back to 85 today. Silver has been performing much better than Gold during this period.
Since the high low average for the last 20 year is around 60, Silver has a lot of rally left to catch up.

SLV is the 1X ETF for Silver and is now trading at $17.51. On SLV's daily chart, we see it found support at $16.28 last week and started to bounce and today it rallied hard by 4.23% to $17.51. This is indicative of the correction is over and is ready to go back up to challenge previous high of $18.35. Now refer to the monthly chart,  after $18.35, $20 will be the next resistance. SLV has been trading between 13 to 20 area for the last  5 years. Once it breaks out of this 5 year base, its next price target will be $27. It sure is enticing to get into SLV now.

今天白银大涨4.83％至18.71美元，而黄金仅上涨1.08％至1531.50美元。 从八月1日低点到今天收盘，同期黄金上涨了8.4％，白银却上涨了17.4％。白银价格走势较好的原因之一是黄金和白银比率已达到极限。 在过去的20年中，当黄金和白银的价格比率上升到80以上时，它总是会回落。 结果是白银通常会大涨以追赶黄金。 这次，该比率在7月时升至95的极端水平，然后回落至今天的85。 在此期间，白银的表现好于黄金。由于过去20年黄金和白银比率的高低平均水平大约为60，因此白银还有很大的空间可以追涨。

SLV是跟踪白银的1X ETF，目前交易价为17.51美元。 在SLV的日线图上，我们看到它在上周找到支撑位16.28美元后开始反弹，今天它强劲上涨了4.23％至17.51美元。 这显示下跌修正已经结束，并准备回到之前的高点18.35美元。 月线图上显示，在18.35美元之后，20美元将是下一个阻力位。 在过去的5年中，SLV的交易区间在13到20之间。 一旦它突破这5年的区间，坚实的底部将造成，其下一个目标价将是27美元。 无疑，现在SLV的价位是非常吸引而是个买入的好时机。