Silver Price Analysis
Happy new year! The technical setup even with Friday's good movement, still seems tilted in favor of bearish traders, warranting some caution before positioning for any further intraday positive move. I'm thinking the big guys are drawing in more liquidity as my 2023 thesis is this is going to be choppy trading.
Silver Chart
The week is down 1.03%, but Friday's close was pretty strong. I'd still use cautious and not chase these strong moves.
Silver closed up 2.38%, which was great for traders, but investors should remain strong.
Portfolio Update
My current assets are valued at $2010.20 with a total acquisition cost of $1927.29.
Asset Allocation Chart
Asset Holding by Product
Im predicting $44.00 in 2023 🪙🙌
We shall see!
Long term 2023 I'd like $50!
Unfortunately in my searching, you can’t find silver for anything near spot. Even the local shops are jacking up premiums. At this point I have switched to accumulating the brass and lead variety of metals, 😂
I'm fully loaded on that front.
Silver is still quite bullish. I think it shall steadily rise, better than oscillating !
I think 2023 will be good but choppy.
It's holding!!!
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It's been pretty wild on shorter time frames that move on froday was nice.
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Silver seems to be doing pretty bad
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