Silver (XAGUSD) Up $0.35 Over Past 4 Hours, Tops All metals; Entered Today Up 1.95%

Silver Daily Price Recap

Silver came into today up 1.95% ($0.35) from the open of the previous day, marking the 2nd day in a row an increase has occurred. Silver outperformed all 5 assets in the metals asset class since the previous day. Let’s take a look at the daily price chart of Silver.

Silver Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For another vantage point, consider that Silver’s price has gone up 9 of the previous 14 trading days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Silver for the past day were:

  • From Eala_Jewellery:

    Frabbit cross update 1/2
    The silver price increase is causing a substantial price increase. I am also going to get help from a jeweller to polish them due to currently being on maternity leave which also pushes the price up a bit.
    I would need to add £10 to each cross……

  • From myprecious999:

    @Dioclet54046121 @2020Upstream @goldmarketgirl @DebraG_Robins Have lately been wondering whether $silver price movement is more insightful about the future than gold. If silver can break out sustainably above $19 then it’s all roses for gold. Until then something is holding all #preciousmetals back?

  • From Papaws13:

    @MEtirol @TheLastDegree I’d quite agree that it’s still a rather “cheap” company. For now purely leveraged to the silver price. Curious to see where it will take us.