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Silver Portfolio Update 11/26/22

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@cryptictruth
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Silver Price Analysis The silver market is way undersupplied. There are many reasons, but one of the largest is is because the world's demand for silver is increasing. According to the Silver Institute, demand will increase by 16% in 2022, totaling 1.21 bn ounces, creating the biggest deficit in decades! The total deficit will be 194 mln ounces this year, a big jump from 48 mln ounces in 2021. Demand in India rose almost twofold in 2022 so long term I think prices will reflect these fundamentals. Right now, silver continues to consolidate after the big move that we have had over the last couple of weeks. We are still above the 200-Day EMA, so it suggests that we are going to continue to see a bit of a fight here. I'm about even on my investment but would not be surprised to see a dip.

Silver Chart

Portfolio Update My current assets are valued at $1983.66 with a total acquisition cost of $1927.29. Silver was up 2.36% thus week and is keeping me in the black.

Asset Allocation Chart

Asset Holding by Product