Silver Price Analysis
Silver soared sharply and finished the week with gains of close to 10%, hitting three-year highs after reaching levels last seen in June 2021. Silver traders ignored an upbeat US jobs report that might delay the Federal Reserve from slashing rates in the June meeting. According to surveys market participants decreased their bets on a quarter-percentage-point rate cut in June, but though July remains in play. Silver followed Gold’s path, though the latter is trading at all-time highs. The Relative Strength Index (RSI) despite being at overbought conditions, aims up, an indication that buyers are gathering momentum. That said, silvers next resistance would be $ the $28.00 psychological mark which if broken opens up room to the key resistance which lies at June 10, 2021, high at $28.28.
Silver Chart
Portfolio Update
Silver had a massive run this week up 9.7% which is reflected in my current assets which are valued at $2,519.22 with a total acquisition cost of $$2,362.33.
Asset Allocation Chart
Asset Holding by Product
Things are getting a bit more spicy !BBH
Silver made some moves. I'd expect some volatility at these levels.
I hear that popcorn time 🤣!BBH !LOL
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In his sleevies.
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WHOA!!!
Congratulations!!!
Feels good to be in the black.
You are in the green….🤑
Finally I wish I would of added more but we will see what the next month looks
Like. I'll add near my average.
Don’t fret over it. Just throw some money aside for when it drops. Enough to buy two ten ounce bars.
Silver may go further up to the moon.
$50/oz would be cool
With the silver market currently now, I believe if one should take a sell trade just for scalping, one will be able to make some profit.
Yea I also noticed the trend also yesterday that it seems both silver and gold are heading in the same direction
Yes and that means things could be getting spicy for stocks. We will have to see.
I think we will pass the old $28 this week. Profits are coming very soon!
That would be good for all of us!
Gold & Silver both are flying to the moon !
It's cool to see
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There is great joy in seeing the price go up