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SLV - Silver And Swiss Franc Primed For Breakout Higher Together
iShares Silver Trust
Ever since the epic collapse from $50 in 2011, silver (SLV) prices have been lagging behind its precious metal counterpart, as gold (GLD) prices broke out to recover within 17% of all-time highs while silver remains stuck in a 5-year consolidation:
Source: WingCapital Investments
As a result, the silver/gold ratio continues to teeter around multi-decade lows and about 28% below its long-term average:
Swiss Franc vs. Silver
That said, there is reason to be optimistic for silver to finally play catch up, and the catalyst may be an unorthodox one: the