Silver Price Analysis
Silver price posts a fresh weekly low near $33.00 on Friday. The US Dollar value against six major currencies, jumps to near 104.00. This comes as the Fed expressed that interest rates won’t be reduced until they seek clarity over how much Trump’s tariffs will dampen economic growth and accelerate inflationary pressures. The scenario of the Fed maintaining interest rates at their restrictive levels for longer bodes poorly for non-yielding assets, such as Silver.
Silver Chart
Portfolio Update
My current assets are valued at $3,887.29 with a total acquisition cost of $3,240.95. I've been adding some on recent dips and will continue to do so with prices below my long term target of $50/oz.
Asset Allocation Chart
Asset Holding by Product
