Silver Price Analysis
Silver prices were on a slide again this week. This is continuing the sell-off that’s held since a bearish engulfing candlestick showed up on the daily chart in the middle of last month. Sellers pushed prices down to a fresh two-year low where support eventually formed around the $17.50 level. On Friday we had a nice bounce, but so far sellers have responded so I think we could be in for some more pain...
Silver Chart
Portfolio Update
My current assets are valued at $1445.53 with a total acquisition cost of $1716.17. I'd like to average down my cost basis. but premiums have been holding.
American Eagles are still expensive at $35.74 on Apmex
Heck 1oz bars are still $25.64. There is mis match between spot and premiums that just don't make sense since silver has been beaten down so much.
Asset Allocation Chart
Asset Holding by Product