Silver Portfolio Update 9/20/24
Silver Price Analysis
Silver has shown modest gains, rising roughly 2–3% over the past several days. Prices are up from earlier in the week as investors respond to expectations of U.S. Federal Reserve rate cuts and weakening dollar strength. Silver is more volatile because it straddles both industrial demand (for electronics, solar, etc.) and precious-metal safe haven demand. This gives it more upside in good news, but more downside when things look shaky. Right now I think silver will remain to be strong and I'll continue to sell upside calls on my current SLV position with the increased IV bring in higher premiums.
Silver Chart
Portfolio Update
Well silver had another good week with my current assets are valued at $4,867.71 with a total acquisition cost of $3,240.95.
Asset Allocation Chart
Asset Holding by Product
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Ah yes my periodic silver update shows things are still up! Knowing my little lonely silver bar was worth $30 for the longest time, $43 seems like a beautiful jump.
I have too many damn things to invest in these days but man would I love to stack a little more silver in hbd portfolio!
I hear you I keep loosing it in the stock market I really need to stop doing the logical moves and start trading on vibes like the rest of the degenerates maybe then I'll have some extra silver money.
A $1.15 increase in one day is nice. If this continues silver is gonna run to $60
More upside: Silver is now on the US Geological Survey's list of critical materials.
Let the silver feeding frenzy begin!
nice take on selling upside calls on SLV with the IV pop. That play fits the current two way nature of silver, and if price drifts higher you can roll out and up for credit without chasing. Premiums look juicy with that 2 to 3 percent lift, tehta paying rent again >
The more people invest in silvers the higher the price will go. This is a nice time in the market