Silver Price Analysis
Silver ranks amongst one of the top-performing commodities on the market, with renewed investor interest and strong fundamentals driving prices up to their highest in 14 years. This week was tough with markets pulling back 3% form that high. Technically, on the daily chart, Silver has broken below the ascending channel that had supported its uptrend since early April, marking a clear shift in market structure. We will have to see what the market does as we keeo an eye on the US dollar next week.
Silver Chart
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My current assets are valued at $4,260.04 with a total acquisition cost of $3,240.95.
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With the chart that you shared, it looks as if silver is reducing in price value actually
It pulled back this week, but has been in an upward trend looking to breakout for weeks
it could go at 38-39 again, US economy is not going that bad i think
I think the numbers are not showing how bad things are. Silver caught a bid today as stocks pumped so we will see how this plays out.
At this point, DCA has another chance
I'm a fan od DCA'ing but I wish I picked up more when it was below $30!
don't consider it a dip, consider it a buying opportunity.
I wish I hve been holding off on new buys
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