It is gravity. Maybe it would help if you think about objects floating in liquids, rather than being suspended in air, like you do when you attach the blade to your balancer. If you threw a two by four in a pond it would float horizontally, not vertically, unless you attached an even heavier weight to one end. Everything is being pulled to the center of the earth (not counting the much lower gravitational pull of other heavenly bodies, like the moon and sun). Your balancer is set up plumb, in other words, in alignment with and pointing at the center of the earth. The cone on the balancer aligns the blade so that its center is perfectly centered (assuming the blade was correctly manufactured and that the blade hasn’t been deformed). The bearings allow the blade to react to gravity without falling to the floor, just like the pond water allows the 2x4 to float horizontally as gravity evenly pulls it to the center of the earth. The higher density of the water prevents the wood from falling below the water’s surface. An out of balance blade has two uneven halves. The one with the greater mass is pulled with greater force by gravity than the one with less mass, leaving the heavier half pointing to the earth’s center. Balance the masses of the halves and you have a blade that ”floats” like a uniformly dense piece of dimensional lumber on a calm water surface.