Silver Price Analysis
Stocks and crypto had a pretty good week! Silver not so much, we are now finding the silver market sitting on top of the 50-day EMA. If we can break down below there, then we could go as low as the 200-day EMA. Down 0.07% this week after a good drop on Friday.
Silver Chart
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My current assets are valued at $3,226.94 with a total acquisition cost of $2,814.68.
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Last week, the price of silver pumped and then went down again, if it pumps again this week, we could get a big price.
It's going to be choppy for a few
What would you do if Silver jumped to 900 and Gold jumped to 9,000 per ounce...???
Silver used always to be cheap, it's already high now, I'm curious to see how this evolves, I got some silver coins at home
An interesting analysis of current market conditions, and a positive week.
It always feels good to be above your initial investment, you're in the money! Hopefully we'll see silver push for an all time high this year, crossing my fingers!
Yes it does
One of my friends is trying to find one of the podcast he listened to on his plane ride home yesterday for me. It was a pretty in depth podcast on silver. He said that JP Morgan isn’t the controlling factor on the silver price anymore, it’s now China.
Really due to industrial demand?
Unknown he said. But they have been buying massive amounts of silver for over three years now. Silver purchases do not have to be reported unlike gold. So nobody has been paying attention.