Silver, Gold/Silver 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||30 (30)||62 (50)||84 (45)|
|Total PM Portfolio allocation 40% (40%) breakdown:||Pt:14%||Ag:14%||Au:12%|
12 November 2021 close: Silver needs to break 30 to find our next long term target of $37.00. Everything points towards this move being in the making. Both October and November are strong months for silver and nothing technical indicates any kind of medium or long term, including the strong quarterly risk weight chart below, top either.
Physical Silver remains a precious metals slight overweight strong hold in our portfolio.
05 November 2021 close: The midweek slump towards the 23 flat handle found support well above the long term support line of 22.10. The subsequent reversal up looks fairly solid. All precious metals benefit from increased industrial use demand.
Silver/USD Risk weight looks in a solid uptrend as well with no time frame at a high percentage risk level. Monthly risk is still down but the new month has pushed it toward the 30% risk level which in recent history is rather similar to the risk weight behavior back in 2008 with Silver around $10.00 and before the 3 year rally towards $50. Silver is a strong hold at 14% of total portfolio.