Silver had a stellar rise with a 73.5% YTD performance and still holding above the steep Uptrend line support. Momentum studies are DIVERGING with current trend and pointing to a waning strength in the move. Waiting for the pending Short signals in DMI and ROC to unfold.
Gold has performed rather bleak given all the media attention as a main inflation wealth protection vehicle reaching 26.3% YTD return.
Momentum studies are showing falling strength in the current trend and I'm watching for similar pending technical Short signals.
Interesting chart here is the Gold-to-Silver ratio and its relationship with the US Dollar Index.
Since June till November there was a loose positive correlation that dissipated after the FED announced its QE2 plans.
Based on this chart I would look for a bounce in the Gold/Silver ratio which would come with a strong pullback in Silver which outperformed strongly Gold since August 2010.