Silver Portfolio Update 8.24.24
Silver Price Analysis
Not too bad of a week with markets ending green.Silver rallied a bit during the early Friday session as we continue to see a lot of noisy behavior, but with the Federal Reserve talking things will get a little wild. If we continue and breakout it opens up the possibility of getting towards the $31.50 level. Short-term pullbacks at this point in time should see plenty of support near the 50-day EMA, perhaps even below there at the $28.50 level.
Silver Chart
Portfolio Update
My current assets are valued at $2,697.35 with a total acquisition cost of $2,362.33. With the recent rise I'm sitting pretty good at the moment.
Asset Allocation Chart
Asset Holding by Product
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As the election gets closer metals are going to be all over the place. Pay attention for a big drop and buy some more weight. Big drop meaning over $1 loss in a day. It won’t stay there long.
Ok I have my eye on some 10oz bars should I be looking at something bigger? I worry about getting something too big I was reading that 100oz bars and 1000oz bars can get hard to move because people like to fake them.
Ten ounce bars are the go to for stackers adding weight. Very easy to sell even when silver hit $40-$50 an ounce. I personally sold many of them in 2011. They sell easy.
Silver price going to $35
I think it just might be.
Can you Nominate me in silver gold staker cammunity ?
Silver price is really going quite well and I am impressed with this
It's looking good.
The time to buy is gone, the price has gone up