Silver Price Analysis
Well I said the pain was probably not over yet. Silver is down another 1.1%. Now industrial demand has fallen off. One of the largest consumes of industrial silver China has reduced demand due to the country's pandemic restrictions. Right now silver is down 30% from the year-to-date high recorded in March. I believe will continue to downward pressure on PMs due.
Silver Chart
Portfolio Update
My current assets are valued at $1466.73 with a total acquisition cost of $1716.17. I'm holding off buys as I added my silver funds this month to one of my crypto specs plays. If anyone is interested I'm building a large position in NCT. Polyswarm is an interesting concept and I think their current market cap and token price is way undervalued. I think it could hit a $1. If it does I'll be make some huge silver buys.
Asset Allocation Chart
Asset Holding by Product
