In this video we compare the long-term resistance levels in Gold and Silver. Gold is in a cleaner position technically as it only has resistance around $2,100 and should break that in the months ahead.
Meanwhile, Silver still has to deal with resistance at $28-$30 and then its all-time high resistance around $50.
Because of this setup, Silver may not outperform Gold when Gold breaks above $2,100. It could occur later. We also show Silver’s performance following Gold’s breakouts in 1978 and 2009. It can help us decipher what occur moving forward.