Silver Price Analysis
The silver market has been consolidating for a big rally. At his point now that we are reaching the $26 level I think we will trade significantly higher since silver prices have been very disappointing over the past two years. Just watch the silver miners’ stock prices for signs of the turning tide and make sure you have the proper allocations. The gold-to-silver ratio just keeps on rising so I'm using that as an indicator for how undervalued silver is and right now I think we should have a pretty good 2024.
Silver Chart
Portfolio Update
My current assets are valued at $2,161.52 with a total acquisition cost of $2,148.89 which means I'm finally positive as premiums have fallen but the price of silver has risen. With silver up 4.73% this week it's been a good week for those of us who hold.
Asset Allocation Chart
Asset Holding by Product