Silver Price Analysis
Well I missed my Saturday recap since I was traveling in New York so I figured I get a post out today with silver breaking out above $60! So with silver smashing to new highs what does this mean for the economy? What I am seeing is this rise is signaling an 87% odds of the Federal Reserve lowering interest rates by a quarter-point Wednesday. This would mean they would cut rates to between 3.5% and 3.75%. How do I know this? Well recent cuts have caused a metal prices to rise and often coincides with reduced interest rates and a weaker U.S. dollar.
Silver Chart
Portfolio Update
My current assets are valued at $6,661.90 with a total acquisition cost of $3,240.95 which means I am now up over 100% on my investment.
Asset Allocation Chart
Asset Holding by Product
