The silver stocks are vastly outperforming silver. Silver has been trading weaker than gold in the past few months and retested its lows of last year recently while the silver stocks that mine for silver have simply sat there.
Lahore, Pakistan -- (SBWIRE) -- 05/06/2014 -- Mike Swanson recently informed the subscribers to his WallStreetWindow FREE Newsletter that the Silver Stocks Divergence is very bullish. This is what Mike Swanson says: “The silver stocks are vastly outperforming silver. Silver has been trading weaker than gold in the past few months and retested its lows of last year recently while the silver stocks that mine for silver have simply sat there.
This stands in sharp contrast with what happened in 2011 when silver and gold made their last cyclical bull market peaks. In 2011 the price of silver doubled in a few months and the silver stocks barely went up while this happened at the end. In fact you can see how the relative strength SIL divided by the price of silver ratio actually declined sharply during this final move in silver in 2011. That was a sign that it was the final rally. And it was.
So now this ratio is holding up while silver has dropped and is in a position to breakout and go up to the upside. In that big silver peak a few years ago everyone got bullish on silver and fascinated by it. Now no one cares. The masses are always too slow and always too late.”
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