Tuesday, May 3, 2011

Chart of the day is....

...the silver ETF (SLV) versus Pan American Silver (PAAS), two year timescale.

since the late '08 early '09 bottom this has been one of the classic comparative charts in the world of silver, as the metal and the big producer had been lockstep with each other for the longest time. But then in recent times....well, see for yourself:


Why is this so? Will SLV drop back to PAAS? Will PAAS move up to meet SLV? Will they meet halfway? Is the relationship broken forever? So many questions....