Silver is Up for the 2nd Day in a Row

The Daily View for Silver

  • At the time of this writing, XAGUSD’s price is up $0.04 (0.16%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as Silver has now gone up 4 of the past 5 days.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • The moving averages on the daily 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.

Below is a daily price chart of Silver.

XAGUSD

Featured Silver Idea From TradingView

Below is a trading comment entitled Fundamental and statistical analysis method – Explained you may find interesting:

Hi All,I have been asked by few in comments and personally to post fundamental analysis of few other companies in similar way as that of FB and PYPL (as per linked ideas). Since, I will not be able to take all the requests, I thought I will make a video explaining how to do it yourself :)⬜ Following things are discussed in the video 🎲 EarningsNot significant unless the gap is too much. Things to look for are: If the recent earnings and revenue has met expectation/estimation If the next earning/revenue estimates are higher/lower than current one. Cyclical nature of quarterly earnings – check results and estimations of last two years of same quarter 🎲 QualityCan use open source script Quality-Screen from community library. Color coded based on standards and very generic method. May also need to consider that some of these stats may be industry and sector based and may require comparison among sim…

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