With GLD 0.00%↑ making new highs for about the past year or so, I was curious about what the could mean for SLV 0.00%↑ , which itself has a strong looking chart, but remains well off of its own prior highs from 15 years ago -
I ran some queries using ChatGPT, which returned some good insight. A link to the full analysis is below, but to summarize -
$SLV has historically made new highs about 57% of the time after $GLD does so. Failed instances often aligned with $GLD losing momentum.
https://chatgpt.com/share/67b7978c-75d8-8002-9126-1411baf99fc8
This suggests that if SLV 0.00%↑ has the potential to catch up, it would likely be in a parabolic type move over a 1-2 month period. The move can be risk managed pretty tightly here using the shaded range on the chart above, which is why I started building a position.