GLD, weekly
SLV, weekly
Summary
Gold and Silver climbed 2.5% and 6% respectively this week. The Silver 2x ratio of increase - relative to Gold, is again pretty normal.
Trading volume for GLD and SLV remains relatively light. There is certainly no hyper price ramp/volume spike as we saw in April/May 2011. That is a good sign for those holding and seeking further gains.
Natural first targets are the February 2012 peaks, that is another $3.50 for silver, and $55 for Gold.
*re: the silver downside targets. I've left them on, but clearly, they are no longer due within the near/mid-term. Its possible we won't get down to those levels again..ever, and that should be a scary thought to everyone.
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