Silver Price Analysis
Silver prices stabilized above $23/ox after a rough trading session on Thursday which saw prices dip to the $22.50 level. This is a market that is trying to figure out what to do with itself. There is talk and data suggesting that the industrial demand may be plunging, but at the same time traders are trying to figure out whether or not it is going to be used for wealth preservation in the event of a recession. I'm very close to my cost basis so anything below the $23 level would be lowering the basis, but I think we are going to see more negative pressure until some of uncertainty is pulled from the market.
Silver Chart
Portfolio Update
My current assets are valued at $2,152.42 with a total acquisition cost of $2,148.89 so I'm dangerously close to my basis.
Asset Allocation Chart
Asset Holding by Product