Silver Price Analysis
Wow the silver market took beating last week down almost 7%. Internationally, spot silver fell to $48.5 per troy ounce on Friday from $54.47 a week ago.Prices declined as traders reacted to U.S. inflation data, Federal Reserve rate cut expectations, and easing U.S. China trade tensions.
Silver Chart
Portfolio Update
My current assets are valued at $5,490.95 with a total acquisition cost of $3,240.95. Premiums on physical silver are holding strong even after the pullback.
Asset Allocation Chart
Asset Holding by Product
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That’s quite a drop in silver prices, The inflation data and trade tensions really seem to be shaking things up. I like how you shared your portfolio details, it gives a clear picture of how these market moves affect real investments.
7% drop is really big, and it shows how fast the market can change. It’s interesting to see your silver holdings and how you are handling the situation. Hoping the price recovers soon.
I don’t think the numbers being released had anything to do with it. Those numbers were known prior to being released, it was already built in. There were so many short paper contracts thrown on the market. People got scared and took profits. Let’s see where we are on Wednesday that should tell us more of where silver is heading.
Wow the market really bleeds massively and hopefully the market will definitely recover very soon