Gold Silver ratio still expected lower

Silver Price Forecast relative to
Long Term Monthly (LT-M) – Medium Term Weekly (MT-W) – Short Term Daily (ST-D) – and Hourly (not shown) data.

SILVER FORECAST

(Previous week in brackets)

Silver/USD LT-M MT-W ST-D
24.10 (24.62)
Trend ↓ (↓) ↑ (↓) ↓ (↑)
% Risk
Weight
70 (70) 40 (38) 36 (50)
PM Distribution
Total allocation 50% (50%)
Ag:45% Au:35% Pt:20%

Silver/USD live price


20 November:: Long Term Silver is making an interim correction without having shown a true overbought level. Weekly risk trend seeks to turn up at the 40 level but not decisively. Daily still in downtrend with price leveling out in a narrowing wedge which started with a strong upward breakout in July at the $20 handle. Primary focus is long term where silver is expected to offer both wealth protection and price opportunity. No Change.

13 November:: The entire metals space has experienced a much more stable performance in the second half of 2020 confirming a stronger desire for investors to protect their assets by holding a wider range of Metals including Silver and Platinum. Palladium of course has been the star performer due it is strong industrial electrical market use. Biut where both Silver and Platinum experience strong downward pressure, they are holding their own as indicated by their ratio’s to Gold which are no longer in uptrends but have reversed and looking very much in favor on the cheaper dollar metals. The technical picture from short term to long term time frames looks very similar to Gold. No Change.


GOLD/SILVER Ratio Price Risk Analysis

(Previous week in brackets)

GOLD/SILVER Ratio LT-M MT-W ST-D
77.16 (76.40)
Trend ↑ (↑) ↓ (↑) ↑ (↓)
% Risk
Weight
15 (15) 47 (48) 32 (23)
PM Distribution
Total allocation 50% (50%)
Ag:45% Au:35% Pt:20%

Gold/Silver Ratio live price


20 November:: Wityh Weekly risk weight turning down midway symbolises the technical struggle to reach long awaited equilibrium in the Gold Silver ratio. Even though a full correction from the 60 point drop could take the ratio back up to the 90 level, there is no historic technical evidence to assume that an intermdiate or longer term bottom has been reached. Quite the opposite. A long term bottom appears further away as we progress towards that long term equilibrium in the 30-60 range. This Gold Silver ratio technical behavipr confirms our current portfolio distribution preference. No Change.

13 November:: Whilst weekly time frame risk weight is still trending up away from a lower risk Long term, the Gold/Silver ratio held stable in the 76-78 range. This picture confirms the general uptrend in the precious metals space where silver and Platinum will find investor support. If a metal price stops going down it becomes a more attractive speculative proposition. We stick with our long term frame of mind expecting a return to equilibrium. No Change



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Posted in A - All Financial Blogs | 2020 Forecast, SILVER FORECAST 2020 | EYEFORGOLD.

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