Silver Price Analysis
Silver prices are solidly lower, in the wake of results from the latest FOMC meeting of the Federal Reserve that were a bit hawkish on U.S. monetary policy. The FOMC left interest rates unchanged, as expected, but the statement said any rate cuts will not come until the Fed has greater confidence annual inflation is moving toward 2%. The statement also said the U.S. economy is expanding at a solid pace. Traders deemed the statement as leaning a bit hawkish. The monetary policy doves were hoping for a March FOMC rate cut, but now the earliest rate cut is seen by many as coming in June.
Silver Chart
Portfolio Update
My current assets are valued at $2,166.76 with a total acquisition cost of $2,362.33. Maybe some day I will be in the black, but I'm soldly in the red still. I will continue to average down prices remain in this range. Anything below $23 is in my buy zone.
I did just do a $200 but in January and will likely do another this month. I'm trying to time it as I believe prices will touch $22 based on the current sediment from the FED.
Asset Allocation Chart
Asset Holding by Product