Silver Price Analysis
Silver prices may be benefiting from undeclared but substantial buying by Russia’s central bank. Part of the reason for silver’s 30.6% rise since early January compared with gold’s 27.5% increase is a simple case of silver trying to catch up with gold, which has been a commodity sector star for the past three years. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, stood at 87.38 on Friday. I think we should see $40 very soon!
Silver Chart
Portfolio Update
My current assets are valued at $4,278.02 with a total acquisition cost of $3,240.95.
Asset Allocation Chart
Asset Holding by Product