Silver is Up for the 2nd Day in a Row

The Hourly View for Silver

  • Currently, XAGUSD’s price is up $0 (0.01%) from the hour prior.
  • The hourly chart shows that Silver has seen 2 straight up hours.
  • Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Silver. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Silver’s hourly price chart is shown below.

XAGUSD

The Daily View for Silver

  • At the moment, XAGUSD’s price is up $0.09 (0.34%) from the day prior.
  • The daily chart shows that Silver has seen 2 straight up days.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Below is a daily price chart of Silver.

XAGUSD

Featured Silver Idea From TradingView

Below is a trading comment entitled XAGUSD D1: 25%/35% BEST level to BUY/HOLD SILVER (UPDATED) you may find interesting:

Why get subbed to me on Tradingview? -TOP author on TradingView-15+ years experience in markets-Professional chart break downs-Supply/Demand Zones-TD9 counts / combo review-Key S/R levels-No junk on my charts-Frequent updates-Covering FX/crypto/US stocks-24/7 uptime so constant updates XAGUSD D1: 25%/35% BEST level to BUY/HOLD SILVER (UPDATED)IMPORTANT NOTE: speculative setup. do your owndue dill. use STOP LOSS. don’t overleverage. 🔸 Summary and potential trade setup::: XAGUSD 1day/candle chart review::: updated/revised outlook::: setup still valid as of right now::: expecting one final throwback::: before new bull run::: get ready to …

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