Silver Price Analysis
It's Saturday so that means it's time to do another Silver portfolio update. Welcome to 2024 and cheers to all my friend in the @ssg-community ! Silver was all over the place during the trading session on Friday, but it looks like we are trying to hang on to the $23 support region. This is an area that has been important in the past, so I would not be overly surprised that it is going to be very noisy and choppy for bit.
Silver Chart
@silverd510 pointed it out to me that the Apmex chart looks a bit odd so I had to do the comparison this week and he was right! It looks like Apmex is inflating the price compared to Kitco. silver is down approx. 2.66% this week which opens the opportunity to add some more to the collection.
It looks like I may need to switch over my charting to Kitco for this report...
Portfolio Update
I'm starting the year with my current assets are valued at $2,015.02 with a total acquisition cost of $2,148.89. This year's goal is to lower that cost basis and add 50-100oz to the collection.
Asset Allocation Chart
Asset Holding by Product
Tell me the Silver Market isn't rigged, "if" you can...
JPM is know to manipulate the price. I have written on the subject before.
I'm glad you're aware of what's going on... I tend to think Silver and Gold are "On Sale" big time...
It's a good buy time, but odd that APMEX is inflating the price.
!DHEDGE
They are the most expensive so it makes sense.
I'm going to do a post soon on another place you might want to check out. Especially given where you live.
I'm interested! I have a LCS but I don't get in as often as I like. Last time I was in I sold an old gold chain that was laying around.
This place has seemed pretty cool so far and at least for me they have a local storefront as well as the online store. I'm waiting to see what their big news is for the new year then I plan on posting about it.
Just keep on adding…. At some point in the near future silver will hit the $40 an ounce mark. Sell it off until it drops to the mid 20’s again. Almost double your stack.
That would be the plan. I'm bad at timing markets but it seems like metals are pretty cyclical. I know some did very well on the price spike to 50
I wasn’t greedy and sold between $47-$48. Waited I think five months and bought back somewhere in September when it dropped to $25 and change. It was nice.
This is the way! I saw someone unload a ton on Rick from pawn stars at the peak. It was amazing.
Its almost a buy opportunity just now. But i shall wait until its the $21 before i aquire more silver !
That's a good level!
Silver is white performing well in the market which is cool to see
I think silver will go up when the market opens
It seems to be following stocks right now
oh it's down 2.66 %, but it will go up for sure.
Yes, it took a pretty good dip this week. So did most assets with crypto falling the hardest.
so are you thinking of investing more?
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I so much believe silver will actually bounce back from the market soon. It is just a matter of time
Silver price is going down again so it would be very wise to buy it here as it will go up again after some time.
Waiting for silver pump