Silver Price Analysis
Silver holds above $39.05 in a bullish channel, but momentum weakens if $38.72 support fails to hold. It's the result of good U.S. data and risk-on sentiment lift the dollar, dampening safe-haven demand. We had a string of upbeat US macroeconomic indicators this week which has strengthened expectations for a resilient economy. Initial jobless claims fell to 217,000 the sixth consecutive weekly decline and the lowest figure since April signaling continued labor market stability.
Silver Chart
Portfolio Update
I was up a bit more for thw eek, but Silver dipped a bit so my current assets are valued at $4,343.48 with a total acquisition cost of $3,240.95.
Asset Allocation Chart
Asset Holding by Product
Slowly it is moving towards its destination
Yes I don't know what that price is but we have been off the gold ratio for some time
I wouldn't trust any of the employment numbers. I feel like it's 25% unemployment in the United States.
It sure does feel higher I know all my linkedin connections are getting laid off it's a weird time
I think it is to be for real honest with you. There are just a lot more on government assistance at this point compared to way in the past. But I see the dilapidation in the midwest. Things are falling apart
All those reports are horseshit. The reason for the dip was nice again our dear friends at JP Morgan blasting the market with paper contracts. They must be wanting to buy up some more silver.
I woudl agree the real economy also feels way worse than data says. I hate JP and was happy when I got my $5 back in a class action against their crypto desk
$40 is the target!
Lots of signs and factors are pointing past this ceiling.
I have to do an inventory of my silver stack, darn I lost count. I know that I am well into the black nominally. My spreadsheet is missing some entries. That's going to be quite a project this summer.
Nice to see your numbers doing well.
!BBH
I think we will get it!
hehe things are going too good, we need a war 🤣 silver didn't care for thailand vs cambodia
Silver is fickle and big traders have a tendency to manipulate it through derivatives.
Silver is roaring and it will roar even more.
Yes it is!
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Silver is actually having a very positive time in the market and this is beautiful to see
It.s been good this year i'm hoping to see $50 before long