Silver (XAGUSD) Down $0.22 On 4 Hour Chart, Underperforms All metals; Started Today Down 0.92%

Silver Daily Price Recap

Silver came into today down 0.92% ($0.22) from the open of the day prior, marking the 3rd consecutive day a decrease has occurred. Those trading within the metals asset class should know that Silver was the worst performer in the class today. Let’s take a look at the daily price chart of Silver.

XAGUSD

Silver Technical Analysis

Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Silver’s price has gone up 5 of the previous 10 trading days.