Silver Price Analysis
Happy Monday, silver declines sparked by firm US Treasury yields and a strong US Dollar last week. The technical outlook shows a bearish engulfing pattern with RSI turning bearish which for traders is indicating potential further losses. Right now the key support levels are the 50-DMA at $29.09 with deeper support at 100-DMA of $26.60. On the bullish side the key resistance levels are the June 7 high at and YTD high of $32.51. I'll be watching close as the Fed has controlled this market!
Silver Chart
Portfolio Update
My current assets are valued at $2,670.32 with a total acquisition cost of $$2,362.33.
Asset Allocation Chart
Asset Holding by Product