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By Jeff Clark, Senior Precious Metals Analyst, GoldSilver |
Frustrated by the comatose silver price? Tired of it going nowhere and being held down? |
Well, history has a message for you: This trading behavior is normal. Furthermore, similar scenarios from the past say the next price explosion is on the way. |
I know from past studies that silver doesn’t always shoot up when gold does, in spite of the fact that it almost always gains more than gold before the uptrend is over. I decided to put the data to a chart and see what it showed. |
I listed gold’s five biggest bull markets, then added silver’s performance to see how closely it tracked gold throughout the uptrend. What it showed confirmed my suspicion: Silver usually (though not always) trails gold in the beginning stages of a bull market. Take a look. |
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In three of gold’s five biggest bull markets, silver clearly trailed the gold price in the beginning stages. It caught up and eventually surpassed gold’s total return, but it usually got off to a slower start than gold. Sound familiar? |
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Check the Chart: Is Silver’s Next Seismic Spike Beginning? Silver has a long history of surprising, or even shocking market participants when it comes to price volatility. The price of silver can rally far beyond that fundamental and technical analysis projects, and it can fall far below what seems reasonable, rational, and logical at times. |
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ING: Gold Price on the Verge of Breakout As the silver trade starts to heat up, gold, too, is poised for greater heights. Its well-documented and long-term consolidation, routinely coming up against a hard ceiling in the $1,350-$1,370 range, is yet again being challenged. |
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