CHARTS AND COMMENTS

Metals pre Mond. Aug. 23

Gold, Silver and Platinum are presented in this weekly chart below.

As pointed out in the development for the metals, there is no strengthening signs going into next week. The general price trend for metals are still down rather than up. In this graph Gold, Silver and Platinum are weighted equally, and the view is derived into an Hekin Ashi chart from underlying weekly metals prices.


Platinum vs Silver pre Mond Aug. 23.

Platinum outperforms Silver.

This passed week Platinum prices outperformed Silver prices. The weekly chart shows the increased momentum. The higher the numbers in the chart above the more Silver it takes to exchange into 1 OZ Platinum.


Gold Silver pre Monday 23rd of Aug.

Gold continues to outperform Silver. See chart below.

This is the weekly Heikin Ashi chart derived from the weekly price development of Gold divided by Silver. The more the numbers creeping up, the more silver it takes to get ahold of 1 OZ Gold. Until markets do see a Red bar, Gold is favoured over Silver. 

 


Metals Wedn. 18th Aug.

Metals (Gold, Silver and Platinum eaqually weighted) continues to be a dog here. No strength in sight so far.

This chart above proves that in the weekly Heikin Ashi chart. It is certainly moving down not up (for the moment).

Chart is through week 32 ending Friday the 13th.


Gold to Silver Wedn. 18th Aug.

Gold continues to outperform Silver.

The higher this goes the more silver you need to have to get ahold of every OZ Gold.

 


Silver pre Monday Aug. 09.

As for Gold, Silver is ending the past week to the weak side and buliding lower highs in the weekly chart below.

Silver could find some support to prices around the USD 24 level (April and January lows), but according to the graph above there is certainly no immediate buying pressure for the white metal. Markets must challenge the USD 26 level to trigger further upside.


Silver Thursd. 05. Aug.

Daily Silver prices are seen through a daily Heikin Ashi chart below.

Silver attempted to push higher Wednesday, but failed post the July ISM report. The weaker close has not yet destroyed the visual strength in the daily chart, but be aware of the USD 25.30 level.


Pre US opens Tuesd 03. Aug.

All sections are updated pre US openings for Tuesday 03. August 2021.

GoldSilverCoffeeSugarCocoaNasdaq100DAXBitcoinLumber and Platinum.


Precious Metals combined

To get an overview of the precious metal prices in general, here you got a weekly chart of Gold, Silver and Platinum combined weighting 1/3 of each component.

On a weekly basis, there is p.t. no indication that prices are to creep upwards yet. As far as this chart shows, it seems like lower- or at best sideways pricing, prevales for now.


Metals for Monday Aug. 02.

Below are the weekly charts for Silver, Gold, and Platinum updated pre this upcoming week starting Monday August 02.

Weekly overviews are good because it gives a broader perspective for the price trends than the day to day movements. Included in this post is also the weekly Gold to Silver Ratio, the Platinum to Gold ratio, and the Platinum to Silver ratio. This shows wider relationships and comparisons.

 

SILVER WEEKLY CHART

Silver made a lower low and a lower high last week. Bars are still red, and no indication of turning higher in this week to week picture.

 

GOLD WEEKLY CHART

Gold is trading sideways as for the visual view above. The chart shows last week with a slightly higher high and higher low, but without a 'clear' picture of where it is heading next. The chart could favour the upside but it is easy to be tricked as it is basically sideways for the last 4 weeks (not trending up or down). A break could happen either way. A hint is to stay patient until there is a direction.

 

PLATINUM WEEKLY CHART

Platinum shows a higher high and a lower low in this weekly chart above. According to the chart, there is no indication Platinum prices are moving higher on the weekly basis. Red bars means weak developments. So, as for next week markets will look out for the vulnerable 1.030 level which has been a base level to investors over the last 7 weeks. Experience shows that if this level is breached, be aware of a potential 'fake' break where prices bounces back. But for now, there seems to be no hurry for higher prices.

 

GOLD TO SILVER RATIO WEEKLY.

The chart shows how many OZ Silver you receive in exchange for 1 OZ Gold.

Gold prices are favoured over Silver, as the ratio is moving higher. On a weekly time frame the chart above shows a higher high and a higher low. There is a more clear picture of what is going in the ratio in the pic above, compared to the one layed out last week; In the pic above, each bar is formualted directly from their respective underlying already derived gold and silver prices.

 

PLATINUM TO GOLD RATIO WEEKLY

The chart shows how many OZ Gold you get in exchange for 1 OZ Platinum.

Until this past week, Platinum has acted much weaker relative to Gold since mid May. Markes needs to see the exchange between the tow above 0.62 in order to see Platinum starting to outperform Gold.

 

PLATINUM TO SILVER RATIO WEEKLY

The chart shows how many OZ Silver you take in exchange for 1 OZ platinum.

There has been very little movement for the exchange relationship between Platinum and Silver over the last 5 weeks. On a weekly basis the trend looks somewhat weak rather than strong. Last week printed a red bar. In order to move higher, markets could watch the 42.5 level for now.



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