On October 14, 2024 it was noted that “Engrbytrade™ daily and weekly silver calculations are currently not indicating consistent readings where a significant decline would be expected”. These calculations were based silver bullion and U.S. Dollar values. Additional research indicates the relative value of silver to the U.S. Dollar is provided through their derivatives, SLV and UUP. Calculations for the relative value chart below indicates silver is undervalued and in a position similar to where it was on July 2, 2010.
Note that this information is for educational purposes only and not a recommendation.
Silver charts courtesy of StockCharts.com.
