Silver Price Analysis
Silver was up a little this week at 1.01% we have have the Fed talking next week which is likely to make things a little wild. If we can keep some upward movement I think we can get back into the bullish channel, but right now we are trading sideways. Being that we are currently capped on the upside and the downside, by key resistance and support levels, sellers need to clear the 50-day SMA to breakdown my thesis for a good start to the year.
Silver Chart
Portfolio Update
My current assets are valued at $3,257.40 with a total acquisition cost of 2,814.68. So far it's been a pretty good year and I expect more our of the silver market.
Asset Allocation Chart
Asset Holding by Product