Silver Price Analysis
Silver formed a Bearish candlestick pattern on the daily chart on Thursday, which reinforces the reversal and suggests more downside in the short-term. Down roughly 2% this week means I lost a bit but longer term this is setting up for a buy zone or consolidating for a push upwards longer term. At least the Federal Reserve meeting is out of the way. There are a couple of levels that I’m paying attention to, one of which is $23.50, and another is $24.50. These are both areas that I would be interested in buying silver on.
Silver Chart
Portfolio Update
My current assets are valued at $2,327.63 with a total acquisition cost of $$2,362.33. I'm close to my break even!
Asset Allocation Chart
Asset Holding by Product