Silver Price Analysis
Silver was flat this week after a wild last week. The price continue to consolidate after briefly hitting a 12-year high of $35 an ounce at the start of the week. Although the market has found initial resistance at $34 an ounce, the precious metal still has room to rally.
Silver Chart
Portfolio Update
My current assets are valued at $2,974.46with a total acquisition cost of $2,362.33.
Asset Allocation Chart
Asset Holding by Product
I still think precious metals can get higher. Especially silver might rise another $5 !
I'd love another $5
There is lots of pressure being put on metals right now. Or they would be at least 5-10% higher right now.
I think JPM is truly manipulating prices. Derivatives have allowed this and it's frustrating.
Silver moved up quickly this week, may go higher next week. Looking forward to it
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