Silver Price Analysis
Silver continues to get smacked around as the broader markets are also getting slaughtered. There is no place to hid as everything slow falls apart. Silver markets had been stable for several days, but the Fed pictured a more bleak out look and recession talk intensified taking silver back to the $19.14 level. Friday's session was very bearish as the US dollar spiked higher. Silver has several things working against right now. You have the US dollar is spiking, higher interest rates, worry about global growth, and lower industrial demand. At this point, it looks like Silver has got much further to go, perhaps all the way down to the $15 level... Trade carefully guys!
Silver Chart
Portfolio Update
My current assets are valued at $1510.33 with a total acquisition cost of $1716.17. With all the economic issues I'm expecting more losses. I will be buy if prices breakdown.
Asset Allocation Chart
Asset Holding by Product
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I'm still waiting for the Fed pivot😪
I don't think we will ge it. They are hell bent on lowering inflation and really their only tool is interest hikes. Right now prices seem to be coming down but they use data which is always behind so I'm expecting a harder landing than what they are planning for.
I don’t know if $15 will be hit, but I’m betting on $16 before the end of the year. If it gets there and premiums are good I’m buying plenty.
They need the economy to cool off to lower inflation. That means they need people to out of work, assets to be lower and for companies to down size. Silver will not be spared in this grand plan.
Investment in silver will come at the right time. The lower the price, the more silver needs to be bought for the long term.
Dollar cost averaging is the best plan. I think silver is miss priced right now but it's falling with the broader market. So when the price is right I'll be buying.
It's now cheaper than before. Perhaps good to buy some coins !
I want it to hit the low from a few weeks ago anything below that might be a good entry point.
Don't you think that with such a real practical demand for silver that the price should be significantly higher? Smells like heavy price manipulation to me...
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Everything is manipulated right now. Markets are no longer fair with large institutional algorithms running markets. However this is the only system We have...
For sure! However, silver does somehow appear to be heavily targeted, in my opinion. I think it will pop nicely if it can just get a gap...
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What a red day at the office of silver. Definitely hoping it will rise up though
Markets are wild right now. I miss the good old days of the fed injecting billions...