Silver Price Analysis
Silver had a pretty good week as it was up 6.25%. Friday's trading session was looking good at open considering it initially plunged, but then it turned around. This move looks like it's trying to verify the $18 level as a major floor. If end up reversing and break down below the $18 level, I think the move to the downside will be quick and furious we could see prices reaching down to the $16 level. If we can hold above $18 we will need some good news to break the $20 level again.
Silver Chart
Portfolio Update
My current assets are valued at $1846.96 with a total acquisition cost of $1927.29. I added another 7oz of silver this week which I'll have to show off. This also helped my average so my losses don't look as rough!
Asset Allocation Chart
Asset Holding by Product
