Silver Price Analysis
Silver futures spiked sharply above $34 an ounce, hitting their highest level since late October. But the rally proved to be short-lived, as prices ended below $33 an ounce. We also had some data come out this week with the U.S. Consumer Price Index showed annual inflation rising 3.0% in January, coming in higher than expected. At the same time, Powell, during two days of testimony on Capitol Hill, reiterated the central bank’s relatively neutral stance. He said the Federal Reserve is in no hurry to lower interest rates as inflation risks remain elevated and the labor market remains healthy. This data somehow made stock surge making metals less attractive this market is wild right now.
Silver Chart
Portfolio Update
My current assets are valued at $3602.83 with a total acquisition cost of $3,027.65. As some of you may have noticed I have made a couple buys recently with my acquisition costs moving up. I'll have to pos tthe new good this week.
Asset Allocation Chart
Asset Holding by Product
