Why a Big Breakout Might Be Ahead for Silver

The video discusses the recent performance of silver, often referred to as 'poor man's gold,' which has seen significant gains over five consecutive days, marking its best performance since 2016. The gold-silver ratio is at a 30-year high, prompting interest in silver's potential to catch up with gold. Historical comparisons are made to 2010 and 2011, where silver followed gold's lead. Technical analysis highlights key resistance levels for gold and silver ETFs, with silver showing potential for a breakout. The video also examines the volatility in silver markets, noting increased open interest and the implications for investors.

What recent trend has been observed in the silver market?

• Silver has risen for five consecutive days.

• Silver has been stable for five days.

• Silver has been fluctuating without a clear trend.

• Silver has been declining for five days.

What is the significance of the gold-silver ratio reaching 30-year highs?

• It suggests a potential for silver to catch up with gold.

• It indicates a decrease in gold prices.

• It means both gold and silver are declining.

• It shows that silver is outperforming gold.

What was the resistance level for the Gold ETF (GLD) that was broken in June?

• 120

• 150

• 130

• 140

How does volatility in metal prices differ from that in equities?

• Volatility decreases when metal prices rise.

• Volatility remains constant regardless of metal prices.

• Volatility is unrelated to metal prices.

• Volatility increases when metal prices rise.

What recent activity has been observed in the SLV ETF?

• Decreased open interest and low volume.

• High volume and increased open interest.

• Stable open interest with moderate volume.

• No significant changes in volume or interest.