[isatrader]

Attached is the 30 year Gold and Silver ratio charts versus the S&P 500 and each other for a bit of perspective.

30 year Gold / S&P 500 ratio - Forming Stage 1 base on the monthly ratio chart with 30 month MA flattening

   

30 year Silver / S&P 500 ratio - Potential double bottom, with slightly higher low, but still below a declining 30 month MA. Possible early Stage 1 monthly base forming

   

30 year Gold / Silver ratio - Gold has been in control since 2011, and the ratio is a long way above the 30 month MA still. So gold still favoured over silver long term at the moment.