Silver Price Analysis
We had a busy weekend so I was not able to make a weekend update post, but I still wanted to recap the silver market so you’ll just have to deal with a Monday post!
Silver looks to be under some selling pressure this morning. Unfortunately, it looks like we will extend last week's pullback from the $21.25 area. Looking at XAG/USD. It’s currently just below the 38.2% Fibonacci retracement level and we are holding above the 100-period SMA on the 4-hour chart. If we break below the $19.00s I think we will see trigger for bearish traders to come in and hammer down prices.
Silver Chart
Portfolio Update
My current assets are valued at $1614 with a total acquisition cost of $1716. I believe I will need to average down as there are a lot of headwinds with PMs.
Asset Allocation Chart
Asset Holding by Product
Keep some fiat or liquidity on hand in case of a huge dip.
I’m building cash reserves.
You received an upvote of 30% from Precious the Silver Mermaid!
Thank you for contributing more great content to the #SilverGoldStackers tag.
You have created a Precious Gem!
I think Silver will have a good week. The premiums for physical metals are slightly lower !
I'm worried markets are going to tank. Just look at btc and alts right now...
I noticed the other day that my stock in that silver mining company has been steadily going down. I am glad that I took out some gains when I was able to. I don't doubt it will come back, but like everything else now, it is just blah.
I'm getting slaughtered by stocks and crypto. It feels like there is no safe havens right now.
Reminds me to update my spreadsheet. thx.
Posted Using LeoFinance Beta
Always keep track!
Silver seems to be performing against inflation effect
Not doing that well..
Silver and gold will be on sale soon. Before the end of the year $17 silver, $1500 gold. That’s when you buy
Yeah I see worst case at $15 scary times.