Silver Price Analysis
Silver prices have traded in a tight range due to mounting inflation and aggressive interest rate policy. Silver was up 0.8% on the week as benchmark yields rose several basis points. Support is seen near the near $23.6 level. While resistance is near the $26.00 level.
Silver Chart
Portfolio Update
My current assets are valued at $1,541.95 with a total acquisition cost of $1,476.59 representing a 4.42% gain. I don't have new buys as premiums are still high and there is some negative pressure on silver prices. If we get a decent dip of 2-3% I'll take a look at buying some larger bars which carry lower premiums. For now I'm cautious and I'm not in a rush to buy. Precious metals is a long term game.
Asset Allocation Chart
Asset Holding by Product