Gold and Silver disparity

Gold started the week with slight gains of 0.14%, but Silver failed to significantly claw back from a sharp gap lower, closing  -1.35%. Near term trend looks moderately bullish for Gold, but Silver now looks extremely weak.


GLD, daily

SLV, daily

Summary

Not much to add other than the issue that Gold is holding in what is arguably a bull flag on the daily chart, whilst Silver has failed to hold support (again)..and closed somewhat badly.

Until SLV puts in a few daily closes in the 28s..it remains unquestionably in a very bearish downtrend.