Silver Price Analysis
We had some good data come out this week with US Non-Farm Payrolls numbers beating forecasts in September. The data is coming in at 254k against the median forecast figure of 147k. Meanwhile, the August reading was revised upward from 142k to 159k, signaling a robust jobs situation. The unemployment rate fell to 4.1 percent from August’s 4.2 percent which analysts had forecast to remain unchanged. Solid jobs growth in the United States eases pressure on the Federal Reserve to cut interest rates by a deeper margin and puts pressure on metals, but we still has a good week up about 1.5%
Silver Chart
Portfolio Update
It's looking pretty good right now with my current assets are valued at $2,874.90 with a total acquisition cost of $2,362.33.
Asset Allocation Chart
Asset Holding by Product
I'm not going to be able to stretch my buys for Christmas as far as I would like if the price stays up like this....
I might be selling at Christmas if prices keep this up.
Haha, I hear you! You have quite a bit more than me though! I'm not to the point where I have much I can part with.
Got it I wish I had more I was buying but could not really get myself to keep buying at these prices.
I usually just buy once a year or so when I need some for my Christmas presents and I want to build my stacks a bit.
I’d be fairly shocked if it doesn’t hit $35 before the end of the year.
Me too what's your sell target?
I’m not selling unless it gets to $50. Unless the ratio gets under 72-1.
I am so glad I picked up some silver a while ago. Not because it is increasing in value as much as I can jump into your silver valuation posts with a horse in the race.
I think maybe those apparently great income numbers are just a correction in wages not even coming close to the inflation that has happened the last few years. A nice lag in the distribution of wealth that is overdue to make it back to the masses. Still frighteningly behind where it should be but hopefully a start to a good trend.
Here’s to silver in our portfolios!
It's pretty criminal what they have done to wages. I'm all for collective bargaining and unions at this point.
Silver had a big pinbar on the 4 hour chart, it created complete confusion, now it becomes difficult to understand whether the market will go down or up. There is also a support level. It looks like false break. Let's see what happens
We will have to see where it goes I think it will continue higher.
You received an upvote of 100% from Precious the Silver Mermaid!
Thank you for contributing more great content to the #SilverGoldStackers tag.
You have created a Precious Gem!
Congratulations @cryptictruth! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 185000 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out our last posts:
Silver pumping again