The precious metals of Gold and Silver saw net April declines of
-$45.60 (1.0%) to $4628.92, and -$0.88 (1.2%) to $74.16 respectively.
Gold, monthly1b
Silver, monthly1b
Summary
Gold: swinging from a high of $4891, and
settling at $4628. The bearish engulfing March candle played out. Momentum weakened for a second month.
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Silver: swinging from a high of $83.04, and settling at $74.16. The bearish engulfing March candle played out. Momentum weakened for a second month.
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The gold-silver ratio settled April at 62.42. 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 April 30th) $76K, the gold-bitcoin ratio climbed upward to 16.49.
As ever, ratio charts should be
especially treated with caution.
Price action is far more important than any ratio.
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