Silver Portfolio Update 5/6/23
Silver Price Analysis
Silver was seeing some selling pressure in late-morning trading Friday. This was in response to another U.S. jobs report that came in better than the consensus forecast. Silver is still up 2.45% on the week and remains about that $25 support. I think we are setting up for a good move as it os silvers time to shine.
Silver Chart
Portfolio Update
My current assets are valued at $2,267.76 with a total acquisition cost of $1,927.29.
Asset Allocation Chart
Asset Holding by Product
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Silver is doing pretty good in the market. I guess more people are buying
Looks like you are doing okay. That jobs report gave everything a bit of a boost.
The portfolio is holding up nicely. I'd love to get more cheap though.
If we see at this time, the price of gold and silver has stopped at one place and this is an advantage, people will start buying them again, then they will start moving here. Now is a good time to invest in them.
If prices drop I think a lot more people will be buying which would all put a strong floor of support. I don't think prices will drop drastically but I want to get in more below 24-25 levels.
Yeah you are right.
Silver and gold are making their investors happy :P what is the price point you will consider to sell and take profit?
My sell point is way higher $100. This is a long term investment with a 20+ time horizon.
Keep putting money aside. The FED already hinted that they are pretty sure they are going to hold the rates in June. If so the markets are going to spike and metals will drop. Be ready to buy.
That's my plan. I do t think we get the last hike I think we start seeing leveling or a reduction dependent on how the price battle is going. Goods are coming down and layoffs are happening so that's the major indicators for a reduction in inflation. I'd pick more up around the $23 level.
If the prices dip slightly, then could buy a few silver coins. The premiums are bit cheaper but still high !
Premiums are still stupid high from what I'm seeing. Talking to some of the folks that have been stacking for a while this is the worst they have seen.
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And like previous Jobs Reports that required revising downward less than originally thought. Keep on Stacking @cryptictruth
Markets still looked strong. The graduating class of 2023 for college grads is seeing one of the lowest unemployment rates in a long time. Even with all the recession talk business still seem to need workers.