Silver (XAGUSD) Up $0.32 On 4 Hour Chart, And A Story About Steve; in an Uptrend Over Past 90 Days

Silver Daily Price Recap

27.023 was the closing price of the day for Silver, resulting in today being one in which price moved up 1.49% ($0.4) from the previous day. Out of the 5 instruments in the metals asset class, Silver ended up ranking 2nd for the day in terms of price change relative to the previous day. Here is a daily price chart of Silver.

XAGUSD

Silver Technical Analysis

Volatility for Silver has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days Silver’s price has gone up 5 them.

Overheard on Twitter

Behold! Here are the top tweets related to Silver:

  • From Malik49977264:

    #UFO Alien Metals. Within 20% of placing price. Risk/reward skewed to UPSIDE. My low-case £45m valuation factors conservative assumptions on: i) resource size of #silver assets ii) chance of hitting iron ore exploration targets iii) silver price ($25). Big optionality on silver p

  • From SubhadipNandy:

    This is something , if you understand spreads and how silver price is settled, simply could not happen . Many traders even some small firms simply blew up. Margins were 5% and people had piled up positions and become extremely over leveraged

  • From silverquote:

    Hong Kong #Silver #Price Morning Session Close: $26.7 USD per oz 2020-09-08 12:30:18 HKT

As for a news story related to Silver getting some buzz:

Gold price falls after 3 days; silver rates at Rs 67,700

Gold, Silver prices today: Prices of gold and silver were trading a tad lower in Indian as well as international commodity markets on Tuesday, as investors turned cautious awaiting the outcome of the European Central Bank meeting this week Gold, Silver prices in India on September 8: Gold price eased on Tuesday as the dollar strengthened after three sessions of gains….Gold and silver is trading lower today on the back of a sharp recovery in US Dollar as investors weighed whether an accommodative turn from the European Central Bank later this week could hit the euro, while the pound nursed losses due to Brexit uncertainty.”   “As of today, traders can go for sell in gold at Rs 51,100 levels with the stop loss of Rs 51,450 levels for the target of 50,200 levels.