Silver Price Analysis
Down 2.44% on the week silver’s daily chart shows a neutral to downward biased, following the formation of a ‘death-cross,’ with the 50-day moving average (DMA) crossing below the 200-DMA, This pattern could mean we see further losses in the near term. The next demand zone on the downside would be the $22.00. On the upside, if silver push prices above the $23.00 mark, that could pave the way to challenge the 200-DMA at $23.55.
Silver Chart
I'm not surprised to see Apmex's chart reading higher than Kitco. I'm feeling like moving forward I'll stick with Kitco's data however, it looks like my portfolio tool uses Apmex data.
Portfolio Update
My current assets are valued at $1965.87 with a total acquisition cost of $2148.89. It's been a while since I have been down this much. I guess that means it's time to start looking for good deals to lower that cost basis.
Asset Allocation Chart
Asset Holding by Product