Reply To: Has Silver finally found its voice?

When silver is on a roll, it is best to stay out of its way.
The metal has a habit of churning around aimlessly for a long time until prices march resolutely northwards.
Has silver reached the the climactic end? I’m not so sure.
To bet on the spread narrowing (long gold; short silver) is a bet on gold outperforming silver.
This may well happen in the future.
But in the meantime, one may need to guard against a further widening of the spread.
The relative trade could sink into a loss first before recovering. This consideration needs to be ironed out before initiating the spread trade.