Silver Price Analysis
Silver had a pretty good week as it was up 6.25%. Friday's trading session was looking good at open considering it initially plunged, but then it turned around. This move looks like it's trying to verify the $18 level as a major floor. If end up reversing and break down below the $18 level, I think the move to the downside will be quick and furious we could see prices reaching down to the $16 level. If we can hold above $18 we will need some good news to break the $20 level again.
Silver Chart
Portfolio Update
My current assets are valued at $1846.96 with a total acquisition cost of $1927.29. I added another 7oz of silver this week which I'll have to show off. This also helped my average so my losses don't look as rough!
Asset Allocation Chart
Asset Holding by Product
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The Silver is performing a lot better. Still the premium for coins are still big !
Yes premiums are crazy. One of my recent post goes over some of the current premiums and for eagles it's over 100%!
Thanks again for keeping us updated and informed, with your reports, @cryptictruth. The buying opportunity continues. But, there is a waiting period for those wanting physical Silver delivery.
No problem Apmex delvers within a few days and orders over $200 have free shipping.
Hope we see more ups in the coming days
I'm a long term collector so I'll just average and when I think there is opportunity I'll buy just a bit more.
Yes, slowly creeping up!!
I hear there is a story about this. I rather be the tortoise is we have good sustained long term growth.
Yet the premiums haven’t come down any.
I don't think they will for some time...
What a good day for silver market