Silver Price Analysis
Silver took beating this week... Silver is down 3.77% this week struggling despite U.S. inflation figures that failed to meet expectations. Silver conclude one of its weakest seven-week periods which was largely due to the performance of the dollar and resilient bond yields. U.S. Consumer Price Index (CPI) recorded a 3.2% annual increase. This fell short of the anticipated 3.3% which now heightens speculation that the Federal Reserve might abstain from rate hikes in 2023
Silver Chart
Portfolio Update
My current assets are valued at $2,040/78 with a total acquisition cost of $2148.89 so I'm back in the negative. This downward pressure on silver opens up buying opportunities.
Asset Allocation Chart
Asset Holding by Product