The precious metals of Gold and Silver saw net March declines of -$601.56 (11.4%) to $4676.45, and -$18.43 (19.6%) to $75.39 respectively.
Gold, monthly1b
Silver, monthly1b
Summary
Gold: swinging from a high of $5419 to $4098, and settling at $4676. The March candle is bearish engulfing. Momentum rolled over.
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Silver: swinging from a low of $96.38 to $60.94, and settling at $75.39. The March candle is bearish engulfing. Momentum rolled over.
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The gold-silver ratio settled March at 62.03. I would note the 32s have been historically important.
On a long term basis (5+ years) silver could
be expected to outperform gold.
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With Bitcoin (as at March 31) $67K, the gold-bitcoin ratio climbed back upward to 14.55.
As ever, ratio charts should be
especially treated with caution.
Price action is far more important than any ratio.
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