Silver Price Analysis
Silver price receives support from safe-haven demand amid increased geopolitical tensions. We saw it extends its gains for the third successive day, trading around $29.60 per troy ounce during the Asian hours on Friday. This sustained rally is attributed to strong safe-haven demand amid persistent geopolitical tensions in the Middle East and the prolonged Russia-Ukraine conflict. It looks like we may see a rise in tensions this year which is good for safe havens like metals so it will be critical to time buy this year.
If you check out my post form yesterday I took a look at the gold market if the shiny yellow stuff interests you.
Silver Chart
Portfolio Update
My current assets are valued at $2,897.84 with a total acquisition cost of $2,583.31. We are starting the year off right in the black with silver up 0.61% this week.
Asset Allocation Chart
Asset Holding by Product