Silver Price Analysis
There was heavy price pressure on silver after strong U.S. jobs data. A surprisingly strong U.S. employment report may force the Federal Reserve to become even more aggressive in its monetary policy tightening caused the U.S. dollar index and U.S. Treasury yields to jump. This jump puts pressure on PMs. The upside price objective is closing prices above the technical resistance at $21.00. The downside price objective is closing prices the support at $19.00. Short term resistance is seen at $20.51. Next short support is seen at $19.40. Trade carefully.
Silver Chart
Portfolio Update
My current assets are valued at $153973 with a total acquisition cost of $1716.17 as silver is struggling to hold these levels. I was going through my collection this week and realized I had a bunch of American eagle still in the plastic. I'll have to make a post and show off some of the shiny stuff!
Asset Allocation Chart
Asset Holding by Product
