Silver Price Analysis
Silver had a good week up 8.73% which was boosted by a U.S. jobs report that met marketplace expectations. This sent prices to a three-week high. Strong gains in crude oil prices and a weaker U.S. dollar index are bullish forces for the metals markets. I also think we saw some short covering which helped us end on a high. We had some more bullish new India's appetite for silver is eating into global warehouse inventories. Some expect Indian silver consumption to have increased over 80% this year. This is all good news, but in these market conditions I always say be nimble.
Silver Chart
Portfolio Update
My current assets are valued at $1935.71with a total acquisition cost of $1927.29. With the large move in prices my portfolio is now positive for the year.
Asset Allocation Chart
Asset Holding by Product
That’s not really what moved the metals as much as the US dollar index dropping over 200 points in one day.
YAY!!! You broke it!
Silver is really having a great day in the market
This was the week of silver
You are on your way to success, @cryptictruth. Yes, I heard India is making a move on Silver.
"Bookwark is important Lad. Braw job!" -Keptin
You received an upvote of 100% from Precious the Silver Mermaid!
Thank you for contributing more great content to the #SilverGoldStackers tag.
You have created a Precious Gem!
Not just India, China is probably stockpiling gold and silver as well. I mean, they even went as far as to hoard Bitcoin just to spend their trade surplus.
Silver is look quite bullish. If only it can maintain the momentum !
This is a good time for gold and silver. Metals have broken all resistance and started moving higher
Congratulations @cryptictruth! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):
Your next target is to reach 9500 replies.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out the last post from @hivebuzz:
Held on to a couple of ounces but most of mine were exchanged for other metals in the brass and lead variety, lol, and emergency food, which have all grown in value, lol.