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)
Silver/USD Monthly Weekly Daily
24.57 (25.24)
Trend ↓ (↓) ↑ (↑) ↓ (↑)
% Risk Weight 28 (30) 70 (62) 76 (84)
Total PM Portfolio allocation 40% (40%) breakdown: Pt:14% Ag:14% Au:12%

Silver/USD live price


Silver comment

19 November 2021 close: Technically Silver has a similar mixed bag as Gold. The price dropped fairly sharply again after a steeper rise the previous week to finish just below the mid point of the consolidation range since August 2020. This consolidation should develop a higher high in early 2022 not seen since 2012. Strong Hold.

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.




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Posted in A - All Financial Blogs | 2021 Forecast, SILVER FORECAST 2021 | EYEFORGOLD.

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