Silver Price Analysis
Silver prices are solidly lower, in the wake of results from the latest FOMC meeting of the Federal Reserve that were a bit hawkish on U.S. monetary policy. The FOMC left interest rates unchanged, as expected, but the statement said any rate cuts will not come until the Fed has greater confidence annual inflation is moving toward 2%. The statement also said the U.S. economy is expanding at a solid pace. Traders deemed the statement as leaning a bit hawkish. The monetary policy doves were hoping for a March FOMC rate cut, but now the earliest rate cut is seen by many as coming in June.
Silver Chart
Portfolio Update
My current assets are valued at $2,166.76 with a total acquisition cost of $2,362.33. Maybe some day I will be in the black, but I'm soldly in the red still. I will continue to average down prices remain in this range. Anything below $23 is in my buy zone.
I did just do a $200 but in January and will likely do another this month. I'm trying to time it as I believe prices will touch $22 based on the current sediment from the FED.
Asset Allocation Chart
Asset Holding by Product
A fire sale it is! Good time to buy some more silver and gold at a good price! I really don't trust their inflation rate since food costs a fortune now and they don't count that as a factor.
!DHEDGE
Very true as a long term investor I'll keep DCAing
Silver prices are so unpredictable. It literally can be up 3% in just a few hours !
It's been a wild ride with all the Fed talks and paper silver causing some crazy action.
Silver is really having a bad time in the market. Hoping it will recover
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Investment should be made for long term whenever it should be, this is an opportunity for those people and to buy it
Here’s a veteran hint for you to help gauge the future spot price. When dealers start having deals like $.99 over spot for one ounce bars. Silver is going down…. Monument Metals sent an email out Thursday night for exactly that….
Great strategy I think in a year or so it's going to look a lot better!BBH
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Silver market is really red. Quite red. Hoping it will recover in the coming days