SILVER all set to MASSIVELY OUTPERFORM Banking Stocks!
Attached: Silver Spot vs. IndusInd Bank Monthly Chart as of 22nd January 2025
I have taken Indusind Bank as a proxy for Indian Banking Stocks as it is a Major Large Cap Private Bank that is not only part of Bank Nifty but also part of Nifty 50 and once used to be part of Top 20 Nifty stocks but because it crashed 40% in 2024 it lost that spot
The Monthly Ratio Chart has the following Observations that support a Bullish Investment Case for Owning Silver vs. Indian Banking Stocks, they are as follows:
1) 20/ 50 Monthly EMA Bullish Crossover for the first time since 2009
2) Ratio closing above 100 Month EMA and consolidating for the Next Leg Up
3) Ichimoku Cloud Resistance that held for more than a Decade also getting cleared
And the Upside as shown on the Ratio Chart is crazy which if you translate to a Price Chart, means Silver over the years can see Triple Digit Returns, Doubling to Quadrupling!
I have taken Indusind Bank as a proxy for Indian Banking Stocks as it is a Major Large Cap Private Bank that is not only part of Bank Nifty but also part of Nifty 50 and once used to be part of Top 20 Nifty stocks but because it crashed 40% in 2024 it lost that spot
The Monthly Ratio Chart has the following Observations that support a Bullish Investment Case for Owning Silver vs. Indian Banking Stocks, they are as follows:
1) 20/ 50 Monthly EMA Bullish Crossover for the first time since 2009
2) Ratio closing above 100 Month EMA and consolidating for the Next Leg Up
3) Ichimoku Cloud Resistance that held for more than a Decade also getting cleared
And the Upside as shown on the Ratio Chart is crazy which if you translate to a Price Chart, means Silver over the years can see Triple Digit Returns, Doubling to Quadrupling!
Siddharth Bhansali
✔️Twitter Handle @T_Harth
✔️Twitter Handle @T_Harth
Penafian
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