Platinum Silver still on course to double from lows
21 January 2022 close: Since our last update we have seen Silver perform fairly well and also Platinum settled above $1000 again with Pt gaining 5% and Silver 4% thuis a net 1% gain for the Pt/AGr atio. Interesting is how Weekly and Monthly risk weight have come down quite substantially with meaning price change. Even though Silver appears to have taken a bit of a lead in the precious metals space, Platinum has done as well supported by an even stronger rally in Palladium. Risk weight in all time intervals including and especially Quarterly support our long term outlook where Platinum will outperform Silver towards that 50 year average level of 73.
31 December 2021 close: Platinum has consolidated against Silver around the 42 handle for 6 weeks where on balance risk weight time intervals are falling (weaker Platinum) to create plenty more upside for Pt in coming months. We see no reason to worry about the larger Platinum position and still expect a medium term stronger move in favor of Platinum.
Platinum/Silver Ratio Charts
PLATINUM/SILVER Ratio risk position
relative to Quarterly, Monthly, Weekly and Daily risk weight intervals
(Previous update in brackets)
Gold Platinum ratio | Monthly | Weekly | Daily | |||
---|---|---|---|---|---|---|
42.48 (41.59) |
||||||
Trend | ↓ (↑) | ↓ (↑) | ↑ (↓) | |||
% Risk Weight |
38 (48) | 31 (39) | 34 (17) | |||
Total PM Portfolio allocation 40% (40%) breakdown: |
Au:12% | Ag:14% | Pt:14% |