Silver Price Analysis
Silver markets have been very choppy during the week. Down -0.47% as we continue to see a lot of confusion about what to do next... Jerome Powell was much more hawkish than people anticipated, so interest rates have been all over the place on Friday. Stocks took a nose dive and crypto markets are in trouble this morning. The $18.00 level continues to be a major support level, so if we were to break through there, it be a very negative turn of events. That would mean the $15.00 level could be in play. If we see a total collapse I hate to say we could see $12. On the flip side if we were to turn around and break above these levels then it’s very likely that we would see the markets reach the $20 mark.
Silver Chart
Portfolio Update
My current assets are valued at $948.02 with a total acquisition cost of $1061.02 representing a loss of 10.6%.
Asset Allocation Chart
Asset Holding by Product