Usman Salis
⬤ Silver's gaining ground against gold, with their ratio climbing toward a make-or-break level around 0.0128. The pair's been building momentum for months now, sitting right below the resistance zone where past rallies ran out of steam. This threshold represents the clearest test yet of whether silver can finally break out and start leading gold higher.
⬤ The technical picture's looking increasingly bullish. After bottoming out earlier this year in a rounded formation, the ratio pushed above its 200-day moving average and started printing consistent higher highs and lows. Right now it's back at that same resistance area that stopped the advance in late October and November—making this a pretty obvious make-or-break moment that traders are watching closely.
⬤ The turnaround's been playing out since spring when the ratio hit a major low near 0.0100, bounced hard, and then successfully retested that support. Since then silver's been quietly chipping away at gold's lead. The recent consolidation just under resistance shows tighter and tighter price swings, with buyers consistently showing up near that rising 200-day average around 0.0115.
⬤ Breaking through 0.0128 would signal something more than just a technical win—it could flip the script on how these two metals perform relative to each other. When one precious metal starts outpacing the other, it often kicks off longer-term trends that reshape the whole sector. A clean break here might mean silver's set to attract stronger demand than gold for a while, which would definitely change how investors approach precious metals going forward.
Usman Salis
