Silver price prediction 2022
Silver Price Forecast relative to Long Term Quarterly, Monthly - Medium Term Weekly - Short Term Daily - and Hourly (not shown) risk weight data.
SILVER FORECAST(Previous update in brackets)
|Trend||↓ (↓)||↓ (↓)||↑ (↓)|
|% Risk Weight||20 (24)||40 (55)||7 (10)|
|Total PM Portfolio allocation 40% (40%) breakdown:||Pt:14%||Ag:14%||Au:12%|
03 December 2021 close: The good thing about crypto is that we are rapidly getting used to dealing with strongly fluctuating assets. And the good thing about silver is that its price does not yet reflect the kind of industrial demand that lies ahead in electrification of things or any device that needs protection against oxidation and corrosion. Gold, Platinum and Palladium might be better solutions for high-end industrial products of the same but Silver is relatively (dirt) cheap. This is besides the technical picture which remains positive long term as we have yet to reach the minimum requirement of technical price exhaustion. Our preferred tools haven't show any of that since the super cycle trend resumed in 2015. No Change to our slight overweight silver allocation.
26 November 2021 close: 10% down in two weeks doesn't give a particularly good feeling even though this is the kind of market action we can expect when people get nervous. Just like the 10% drop in the oil price based on very little information about a new Virus variant. Silver raced down to the lower quartile of the 15 months trading range and should preferably hold the $22/oz handle. During the entire correction and whilst silver is still 90+% above the March 2020 low, risk weight in all time frames is getting much lower rather than higher. The outlook longer term simply remains bullish because we haven't see any of the typical price peak action scenario's. Therefore a downtrending weekly risk weight is meaningless long term. The Quarterly risk chart below clearly shows the 6 six year uptrend pattern (since Dec 2015) and has yet to create a proper usually very parabolic driven peak sometime in the next couple of years. No reason to change our current allocation to physical silver.