Silver Price Analysis
Silver price cut some of its losses this week, but it remains below the 100-day moving average after hitting a new five-day high of $23.52 on Friday. Geopolitical tensions are driving a rise in metal purchases. We are in likely going to see some downside action after buyers failed to conquer the confluence of the 50 and 200-DMAs. With Silver spot price trading below the 200-DMA, the first support is seen at $23.00.
Some good news it looks like 2024 eagles are starting to ship!
Silver Chart
Kitco has the price at $23.19
Apmex has it at $23.41 with silver being up 0.26% this week.
Portfolio Update
My current assets are valued at $2020.22 with a total acquisition cost of $2148.89.
Asset Allocation Chart
Asset Holding by Product