Silver Price Analysis
We are flat on the week and it looks like silver is building a base at these levels. I usually post this report on the weekend so I don't get to talk about the days trading session. However, I have been busy so I actually get to talk a bit about today's action. Silver was choppy and went back and forth during the trading session. There is a lot of movement just below the 200-Day EMA. The 200-Day EMA sits right around the $22 level, which is a large, round that is attracting a lot of attention.It's looking like there are enough buyer to push to the 50-Day EMA and break to the $23.50 level if we get some positive news.
Silver Chart
Portfolio Update
My current assets are valued at $1849.72 with a total acquisition cost of $1927.29. As you can see I'm down and need to some more action towards that $23 level. I wish had more capital to deploy at these levels, but I'm trying to build a larger cash position right now.
Asset Allocation Chart
Asset Holding by Product
Silver is picking momentum to be doing well
Stocks are taking a beating with yesterday's price action metals might see some buying pressure.
Silver has been flat recently. Looks good opportunity to buy !
It's been down a bit but flat in the week. We are down 6% over the last month so yes it might be worth DCAing.
Buy some more
Always! I really need to get some bill taken care of then I'll be back to my regular buying schedule.
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What is the ATH for silver? I started picking some up a while ago, but I don't really understand if silver is more of a stable asset to hold or if it has big swings like stocks and crypto does sometimes.
I have a gut Feeling that Silver will take off, it is just resting for sometime, Just keep accumulating as much as you can.
The way the price of gold is now high and it is out of reach of people but even now if people put it in silver they can make good profit in the next 1 years because the demand for silver at that time. Yes, that too has become too much. I am also thinking to invest some money in silver and forget about it for a while.
I think this is a great time to buy silver