Silver Price Analysis
Silver price struggles to extend upside above the crucial resistance of $23.00. Below you'll see the price chart difference between Ampex and Kitco showing silver ended the week at $22.78. If we can break that $23 level we may be in for a test of recent highs. This will be highly depended on upcoming earning and economic data. We are continuing to see some upward trajectory due to the fact that if for no other reason, we are near the bottom of the larger consolidation area. The $22 level underneath is a major support level, while the $26 level above is a major resistance barrier.
Silver Chart
Portfolio Update
My current assets are valued at $2201.91 with a total acquisition cost of $2362.33. I did make a buy last weekend as prices seemed to be in a good spot. I'll have to write a post once that shipment arrives. I'm buys larger qty bars and secondary coins which carry low premiums to lower my cost basis.
Asset Allocation Chart
Asset Holding by Product