Silver USdollar and Gold/Silver ratio risk position 10 September


Silver Price Forecast relative to Long Term Monthly - Medium Term Weekly - Short Term Daily - and Hourly (not shown) data.

SILVER FORECAST

(Previous update in brackets)
Silver/USD Monthly Weekly Daily
23.74 (24.69)
Trend ↓ (↓) ↑ (↑) ↓ (↑)
% Risk Weight 54 (58) 25 (22) 48 (82)
PM Distribution Total allocation 40% (40%) Pt:33% Ag:33% Au:35%

Silver/USD live price


Silver comment

10 September 2021 close: Silver traditionally reacted with more speed, towards a near 4% correction, than gold during last week's move. We still favor the longer correction in a major cycle uptrend. We are moving 5% silver into Platinum on Monday as we see a lower risk opportunity to get overweight in physical Platinum on Platinum's path to long term equilibrium versus gold and silver. Otherwise no change.

03 September 2021 close: Silver rallied close to 3% last week making good some lost ground versus gold. We still favor the read that silver has ended or is about to end a one year consolidation between $30 and $20. Qaurterly risk below is not conclusive with a technical picture that could lengthen the price consolidation further or take a northerly or southerly direction. No change, HODL!

Quarterly Silver/USD 50 year chart


GOLD/SILVER Ratio Price Risk Analysis

(Previous update in brackets)

GOLD/SILVER Ratio Monthly Weekly Daily
75.13 (73.95)
Trend ↑ (↑) ↓ (↓) ↑ (↓)
% Risk
Weight
33 (32) 78 (85) 28 (25)
Total PM
Portfolio allocation 40% (40%)
Pt:33% Ag:33% Au:33%

Gold/Silver Ratio live price


Gold Silver ratio analysis

10 September 2021 close: Some bullish short risk weight divergence is keeping pressure on silver versus gold. We still favor this to be part of a larger corrective move where silver will ultimately find higher ground towards long term equilibrium. We maintain our balanced allocation between Gold and Silver.

03 September 2021 close: On August 20, Gold Silver ratio peaked at 77.75 and now appears to have found fresh interest for Silver. Friday's strong down move (-2.5%) favors an intermediate continuation of this countertrend correction. The Quarterly uptrend risk chart is, like the Silver/USD quarterly risk chart, not conclusive to support a full silver allocation, but since the primary trend is down Gold/Silver ratio risk should shown a much lower risk coupled with a much lower ratio than what has been shown last year. Silver to remain an equally balanced allocation in the portfolio.

Quarterly Gold/Silver ratio chart since 1971




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

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