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)
|Trend||↓ (↓)||↑ (↑)||↓ (↑)|
|% Risk Weight||54 (58)||25 (22)||48 (82)|
|PM Distribution Total allocation 40% (40%)||Pt:33%||Ag:33%||Au:35%|
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!
GOLD/SILVER Ratio Price Risk Analysis
(Previous update in brackets)
|Trend||↑ (↑)||↓ (↓)||↑ (↓)|
|33 (32)||78 (85)||28 (25)|
Portfolio allocation 40% (40%)
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.