Fibonacci upside projection target based on the $17.53 to $34.87 range traded between September 2022 and October 2024 results in an immediate surge towards the $80 area.
The gold/ silver ratio has broken support at 65.60 and the immediate 78.6% downside Fibonacci projection level comes in at 51.10 where stronger support is expected.
The current MACD-V level of -282 reflects the strong downside momentum in this ratio, which was only surpassed in April 2011, when it reached -403 at a time when the ratio hit a low of 32.60.
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