Silver Price Analysis
I hope everyone is having a good weekend after that terrible drop in assets on Friday. Right now I don’t think the uptrend in silver is over, but we are in a bit of trouble. You have to keep in mind that industrial makes a big difference, but news out of companies reporting this week are showing signs of recession on the horizon. The $28 level down to the $27.50 level could be supported. If we can turn around and recapture the $28.50 level, then we might threaten the 50-day EMA again, but right now this is a pretty miserable looking market.
Silver Chart
Portfolio Update
My current assets are valued at $2,580.58 with a total acquisition cost of $2,362.33.
Asset Allocation Chart
Asset Holding by Product