Silver Price Analysis
Silver markets have rallied pretty significantly during the week, but we did get a pullback as markets sold off hard Friday. You have to be careful with silver. It does tend to be very noisy, and therefore you have to definitely protect yourself in this market. Taking on huge positions can cause massive amounts of pain if you are not careful. I like DCA into silver since I have been burned in the past. However, with that being said, this does look like a market that’s trying to break out with some help from broader markets. If we were to break, then I think it opens up the door to the $35 region. With Friday's action the downside there is plenty of support near the $32.35 and $32 levels which will likely get tested.
Silver Chart
Markets still ended in the green even with Friday's selloff.
Portfolio Update
My current assets are valued at $3,610.29 with a total acquisition cost of $3,027.65.
I'm still up good overall, but I would of been up more this week if the makrets did not tank on Friday with silver loosing 1.46%!
Asset Allocation Chart
Asset Holding by Product