Daily (DCL)
declining
Into cycle7 days
Translation
Right
Last low2026-09-25
Latest barClosed
Ratio cycle research
Gold : Silver Ratio — weekly cycle & the long-term cycle
Chart & cycle-analysis proxy: Gold / Silver Ratio (gold:silver) · 67.95 · as of 2026-10-06
Futures-based ratio; continuous futures rolls may affect historical comparisons. Compare gold:platinum. Counts are automated swing-based estimates; yearly structure is not confirmation of an eight-year cycle.
Declining phaseAs of 2026-10-06
The ratio is turning toward the other metal.
A rising ratio means gold is outperforming the denominator metal; a falling ratio means the reverse. Relative strength does not mean either metal is rising in dollar terms.
The evidence
- gold:silver weekly structure: declining; even translation so far.
- 1 of the last 3 completed weekly swing cycles were left-translated.
- gold:silver monthly structure: declining.
The countercase
Open-cycle translation can change before the next confirmed low.
What changes our view
A confirmed weekly low followed by a sustained advance and a right-translated completed cycle would strengthen the bullish case.
See the recent rally lengths
A left-translated cycle spends fewer bars advancing than declining. Open cycles are provisional.
| Weekly low → low | Rally | Decline | Translation |
|---|---|---|---|
| 2026-01-26 → 2026-05-11 | 8w | 7w | Right |
| 2026-05-11 → 2026-06-15 | 4w | 1w | Right |
| 2026-06-15 → 2026-09-21 | 4w | 10w | Left |
These are consecutive confirmed swing cycles, not analyst-selected 18–30-week intermediate cycles. Short swings can be nested inside a larger weekly cycle. A phase call is an interpretation, not a probability. Read the framework.
The structure underneath the view
Weekly (ICL)
declining
Into cycle2 weeks
Translation
Even
Last low2026-09-21
Latest barForming
Monthly (LCL)
declining
Into cycle5 months
Translation
Left
Last low2026-05-01
Latest barForming
Yearly structure
declining
Into cycle5 years
Translation
Right
Last low2021-01-01
Latest barForming
Gold : Silver Ratio · cycle chart
Engine read — auto-derived from the cycle data
Gold : Silver Ratio is in the declining phase of the weekly swing cycle — 2 weeks into a cycle that has historically run a median of about 6 weeks. The last ICL printed 2026-09-21, and the cycle is even-translated so far. On the separate yearly-bar view, the automated read is declining, 5 years in, right-translated. This yearly-bar count is separate from the eight-year thesis above.
Automatically derived from confirmed swing lows. Published analysis, where available, is dated separately. No dedicated written report is currently available for Gold : Silver Ratio.
Yearly swing history
| Low → Low | Len | Transl. |
|---|---|---|
| 2021-01 → now | open | Right |
confidence: low ·
0 completed cycles
Relative strength: The Gold : Silver Ratio is a first-class cycle object here. Its
cycle highs/lows are the silver-vs-gold (and platinum) timing signal — the
crux of the 8-year / silver-lag thesis. A ratio cycle high rolling
over is historically where the lagging metal begins to outperform.