Silver Price Analysis
Silver price registered gains of on Friday as inflationary figures released by the US Bureau of Economic Analysis (BEA) dipped as expected. This is reigniting Fed rate cut hopes amongst investors. Therefore investors turned on the dollar and it lower supporting metals. If buyers want to regain control, they must clear the 50-day moving average (DMA) then the next level would be the June 7 high of $31.54.
Silver Chart
Portfolio Update
My current assets are valued at $2,633.29 with a total acquisition cost of $$2,362.33.
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