Silver Price Analysis
Silver price posts its first weekly gain in the last nine weeks and we closed the week up by 9.62% The $20 level is critical as falling US Treasury yields hurt the dollar boosting PMs. We also had weeks of downward pressure that hit oversold territory. I expect there to be more volatility in the market and will wait to see if these levels hold before making anymore purchases.
| Technical Levels | Price |
|---|---|
| Previous Daily High | 20.02 |
| Previous Daily Low | 19.06 |
| Previous Weekly High | 19.1 |
| Previous Weekly Low | 18.25 |
| Previous Monthly High | 22.52 |
| Previous Monthly Low | 20.22 |
Silver Chart
Portfolio Update
My current assets are valued at $1558.73 with a total acquisition cost of $1716.17 representing a 9.17392% decrease. I was much worse off last week so seeing the gain is great, but the real question is can we hold these levels?
Asset Allocation Chart
Asset Holding by Product