Is Silver Really Decoupling From Gold?

Is Silver Really Decoupling From Gold?

MENAFN- Investor Ideas) ( Newswire) In yesterday's premium analysis, I argued that silver might have decoupled from gold and miners. Today's action doesn't oppose it.

It doesn't clearly confirm it, either, but overall, I'd say that what we see on the markets today supports the case that silver's outlook is bullish even though gold and mining stocks are likely to decline.

It could be the case that when miners and gold decline significantly, silver drops to just its previous high or the rising, long-term support line at about $54.

Silver has at least 100 reasons to rallyMeanwhile, gold seems to be repeating its 2011-2012 pattern once again.

In 2012, the second move above the 61.8% was the final local top before the price moved much lower.

There's a lot of uncertainty in the world, but gold had already soared profoundly, and no market can move up or down without periodic corrections (well, maybe except silver after major breakouts – like this one). And this time, the trigger for gold's decline can come from rallying USD, which is – after all – poised to rally given the situation with tariffs. The latter are positive factor for the USD, and the US...