NEW YORK ( TheStreet) -- The gold/silver ratio is something I watch closely. This ratio has been on the move in recent weeks, and in my opinion could have further upside to go.Now, many people reading this article have likely seen what the precious metals markets have been through in recent weeks. There are many potential reasons for the huge selloff we saw in gold and silver. These reasons range from simple large hedge fund liquidation to investors wanting to chase stocks to the usual conspiracy theories. I am not here to speculate on what caused the drop, because for my purposes it doesn't make any difference. What I am here to try and do is find solid trade opportunities based on price action, not what I "think" the market might do. As I have discussed previously, I think the price action in gold and silver following the plunge has been constructive; however, there is a lot of work left for the bulls. I think many people have been disenchanted by the recent selloff and perhaps are turning their backs to some potentially good trade opportunities. Looking at the precious metals, I think the gold/silver ratio could provide such an opportunity.