Precious metals look ready to start their next leg up.

During major precious metals bull runs, silver typically leads gold. That is precisely what is happening right now.

The chart below shows the ratio between silver and gold. When silver outperforms gold, this chart rallies. When gold outperforms silver this chart falls. As you can see, this ratio has broken out of a triangle formation to the upside.

This signals that we have likely entered a new period in which silver will outperform gold dramatically. And that is, overall, bullish for all precious metals.

With that in mind, I would note that silver has broken out of its own triangle formation. The next upside target here is $28, if not $30, per ounce.

Gold has yet to follow suit. It has managed to break above one of the resistance lines of a complicated bull flag formation. However, it has yet to clear the second and final line of resistance. Once it does that, the upside target is $2,000 per ounce, and possibly new all-time highs.

However, both gold and silver’s recent runs pale in comparison to platinum. That precious metal began a bull run in November and hasn’t looked back.

And by the look of the long-term chart, platinum is about to experience a truly SHOCKING move. The precious metal has only just ended its 10-plus year bear market.

The chart below, which overlays gold and platinum, speaks for itself. Suffice to say, platinum has plenty of catching up to do.

This is where I’d look for the greatest opportunities in the precious metals sector.

Best Regards,

Graham Summers
Editor, Money & Crisis