Silver Price Analysis
The US 10-year T-bond yield, which correlates negatively with silver, advances putting pressure on prices. Silver is in a downward trend at $22.66. Failure to reclaim above an upslope trendline previous support turned-resistance exerts downward pressure. First support would be January 28 daily low at $22.18. A breach of it would expose the January 7 low at $21.94, followed by December 15 cycle low at $21.42, trade carefully.
Silver Chart
Portfolio Update
My current assets are valued at $1,349.70 with a total acquisition cost of $$1,476.59. I added 5 2022 American Eagles and 1 random year to the collection this week. I'll post some pics when they arrive.
Asset Allocation Chart
Asset Holding by Product
You are building yourself a nice little stack of silver brother. Congrats
Trying, I’m adding about $200 a month. Figured in 40 years I’ll have about 100k invested.
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You’ll have a lot more then that. Every few decades silver has a massive spike and blows up.
That’s when you take half you stack and sell it. Don’t wait for the absolute peak it’s to late then. You want to sell while it’s still climbing a bit. Dealers pay $1-$5 over spot them because they can’t keep it in stock. Then you wait for the bottom to drop out 6-12 months later and buy it all back. Which will double your silver holdings. You sound like you are young enough to maybe see this happen twice. I saw it happen twice but the first time i was very young. I did however take advantage the second time. When silver spiked to $48 an ounce. I sold half my stack when it was at $42. I was getting $45-$47 per ounce. A year later I more then doubled my silver when I bought it all back at $18 an ounce.
Just an FYI.
It's nice to know that Silver is making you profitable
I’m down a bit but it’s a long term game with PMs.
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Keep on stacking while AG is discounted, someday it might be unaffordable.
Keep at it!
Stack on, @cryptictruth!!