Silver Price Analysis
Silver had initially tried to rally during the trading week, but after reaching the top of the previous consolidation area it gave up all of its gains. We managed to plunge below the $23 level during the Friday session which shows a negative trend and underscores there may be some broader weaknesses in the market. At this point, I think we are probably going to go to the $22 level, where the 50-Week EMA currently sits.
My current assets are valued at $1916.11 with a total acquisition cost of $1927.29 which I'm said to says means I'm now back to a loss. It's been a while since I have had to say that... Maybe it's time to add to the stack and lower my basis a bit.
Asset Allocation Chart
Asset Holding by Product
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Time to make some purchases. A ten ounce bar would be nice.
Silver is having a bad day
Not a great week for silver
He’s a terrible week I’m hoping we get a little lower to buy some physics.