Silver Price Analysis
Silver had a good short week with the bulls have holding the near-term technical advantage. The next upside price objective is closing December futures prices above the technical resistance at $25.00. If we turn the next downside price objective for the bears is closing prices below solid support at the November low of $21.925. First resistance is seen at $24.00 and then at the November high of $24.22. Next support is seen at this week's low of $23.30 and then at $23.00. I think we are going to continue to trade in this range.
Silver Chart
Portfolio Update
My current assets are valued at $2,086.12 with a total acquisition cost of $12,148.89.
Asset Allocation Chart
Asset Holding by Product