Don't Ignore This Chart!

Silver and Gold Perfchart

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It has been a big year for gold, but an even bigger year for silver. As the Perfchart shows, $SILVER underperforms $GOLD on the way down and outperforms on the way up. Silver was down more than gold in April and July, but up more than gold in June and August. Notice that silver was already up over 5% when gold turned positive in early September.

091130gold Click this chart for details

Announcement from the Author

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Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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