It’s also possible to use gold and silver as indicators to observe whether the logic has reversed. For now, silver’s confirmation strength isn’t sufficient. Silver initially rebounded stronger than gold, but the related ETFs subsequently saw a noticeable pullback. Meanwhile, the gold-silver ratio recently broke above the 200-day moving average, indicating that gold has still outperformed silver over the past period. If silver continues to outperform gold moving forward, it would more likely signal a full shift in liquidity and risk appetite. If only gold remains strong while silver stays weak, it would resemble a scenario where monetary credit and safe-haven demand are providing support, rather than a full restart of the precious metals bull market. This content is sponsored by @BITstocks_CN. Buy U.S. stocks on BIT—16,000+ U.S. stocks and ETFs, real holdings, and enjoy dividend payouts.