Current level on 11th December is 67.10. The ratio is closing in on strong support which is to be expected around the 65.50 to 66.50 area.

It is likely that this area of support will prevent further immediate downside pressure, based on the strongly oversold indications shown on the 14 week relative strength index of 22%, the weekly MACD-V level of minus 220 and the weekly choppiness index value of 17. These observations suggest that silver will give back some of its recent gains in the short term.