The latest from Sean Brodrick...

Regards - VHF

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The Fear Trade Is In: Two Silver Charts

Sean Brodrick

June 25, 2010

And I’ll throw in two charts of silver. First, here is a weekly chart of silver itself. You’ll see that it is in an uptrend, and it is hammering away at overhead resistance at 19.50 …

On the bottom of the chart, I’ve divided the iShares Silver Trust (SLV: 18.7035 +0.4435 +2.43%) by the SPDR Gold Trust (GLD: 122.99 +1.69 +1.39%). You can see that this line is in a weak downtrend. This shows that gold is outperforming silver (for now).

My second chart a 3-month daily chart of silver, gold and the S&P 500. While gold has outperformed silver over the past three months, both metals are running rings around the S&P 500 …