I have been looking for pair-trading the Gold-Silver ratio. I believe both fundamentally and technically that this could be an interesting trade.
Now I have 2 open layered Pair-trades. I am looking for this to be a medium - long term trade. Probably over several weeks. My entry is a little early since I entered at 87,5 and was actually looking for a ration 88.
But I did not want to miss this Pair-trade since I see some potential gains if it plays out.
Now I have 2 open layered Pair-trades. I am looking for this to be a medium - long term trade. Probably over several weeks. My entry is a little early since I entered at 87,5 and was actually looking for a ration 88.
But I did not want to miss this Pair-trade since I see some potential gains if it plays out.
Below you can see the long term weekly chart. The Gold-Silver ratio has broken the trendline and I believe that after retesting that trend-line at the appr the Fib 61,8 level the Pair-trade ration will go lower.