Is it Time to Average Down on my Physical Silver Portfolio?
Silver markets drifted lower last week with strong PPI numbers. At this point, the $22 level underneath is support, so if we were to break down below that level, then it is likely that the market goes looking towards the $20 handle.
My collection has taken a hit as its current value is sitting around $757.04 representing a -8.7% return.
At this point I'm not worried as this is a long time horizon hold, but with the current prices the opportunity to average down is getting enticing.I have already got some pretty cool coins in the collection, but Apmex has some new options that are really peaking my attention. Below is my current collection.
The coins/bars I'm looking to add include:
2021 Niue 1 oz Silver $2 Star Wars: Mandalorian Beskar Bar
2020 Niue 1 oz Silver $2 Star Wars: Boba Fett BU
These would be great additions to my 4 Millennium Falcon coins which are holding their prices.