October 1, 2018 -- Gold and silver prices diverged last week, with silver moving powerfully higher and gold losing a bit of ground. The metals moving in opposite directions is a rare occurrence.

Gold may have responded to the Fed’s rate hike and strength in the U.S. dollar, but silver ignored both and powered higher. The white metal had been looking very oversold, with its ratio to gold coming off a 25-year low.

It will help if gold can confirm the move higher in silver. Silver’s price chart suddenly shows a chance for the metal to get something going to the upside, but gold is going to have to follow suit.



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