Silver Price Analysis
Silver had a good week up 8.73% which was boosted by a U.S. jobs report that met marketplace expectations. This sent prices to a three-week high. Strong gains in crude oil prices and a weaker U.S. dollar index are bullish forces for the metals markets. I also think we saw some short covering which helped us end on a high. We had some more bullish new India's appetite for silver is eating into global warehouse inventories. Some expect Indian silver consumption to have increased over 80% this year. This is all good news, but in these market conditions I always say be nimble.
Silver Chart
Portfolio Update
My current assets are valued at $1935.71with a total acquisition cost of $1927.29. With the large move in prices my portfolio is now positive for the year.
Asset Allocation Chart
Asset Holding by Product