IMO looking at a price chart of an item in AUD where the traded price is in another currency and then trying to make inferences on that item based on the AUD price chart is flawed.
The AUD price of Silver/Gold should be looked at from two perspectives.
1)The AUD/USD cross rate.
2)The USD price of Silver/Gold. The two, affects the price of Silver/Gold in AUD.
For the price of a commodity such as Silver/Gold to fall in your chart, one of the following two scenarios may play out.
1) The AUD/USD apprciates (generlly bullish for commodities - including the precious metals, also highly inflationary, also good for precious metals).
2)The price of precious metals is going to whacked on lower inflation fears, or deflation. (which also will have an affect on the AUD/USD cross rate, where the AUD will be devalued against the USD).
IMO the price of Gold/Silver in AUD will be fairly flat until either metal disconnects from moving in tandem with currencies. IMO the only time when this will occur when we see massive inflation start to take hold or the viability of the USD comes into question.
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