Silver Price Analysis
Silver prices reversed on Friday amid high US Treasury yields and a stronger US Dollar. From a technical perspective, Silver is still upward biased, though the formation of a shooting star pattern, can pave the way for a pullback. Even though momentum favors bulls, as depicted by the Relative Strength Index (RSI) with readings between 60-70, its slope aims downwards. It really depends on the geopolitical situation and as always we are at the mercy of the Fed.
Silver Chart
Portfolio Update
My current assets are valued at $2,583.46 with a total acquisition cost of $$2,362.33.
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