Silver (XAGUSD) Up $0.03 On 4 Hour Chart, And A Link About Alastair; Started Today Up 0.14%

Silver Daily Price Recap

The choppiness in the recent daily price action of Silver continues; to start today, it came in at a price of 24.22 US dollars, up 0.14% ($0.03) since the day prior. Relative to other instruments in the metals asset class, Silver ranked 3rd since the day prior in terms of percentage price change. The daily price chart of Silver below illustrates.


Silver Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 22 out of the past 30 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

Over on Twitter, here were the top tweets about Silver:

  • From goldseek:

    On the daily chart the silver price still looks momentous.. staying above Tuesday’s washout lows, I would bet it will hold but we know how the paper casino plays silver traders and can do quick moves to shake out more weak hands.

  • From MacleodFinance:

    Putting aside technical analysts expectations of a significant reaction in gold and silver, price performance feels bullish. If technical fears were valid, we would not see prices so stable at all-time highs for gold, and following a sharp rise for silver.

  • From FerroTV:

    “With more downside expected in US real interest rates, we are once again reiterating our long gold recommendation from March and are raising our 12-month gold and silver price forecasts to $2300/toz and $30/toz respectively from $2000/toz and $22/toz”Goldman Sachs

For a longer news piece related to XAGUSD that’s been generating discussion, check out:

The silver price is really beginning to move, which is good news for Alien Metals Ltd

Pharma & Biotech Coronavirus Cannabis Battery Metals Psychedelics Pharma & Biotech Coronavirus Cannabis Battery Metals Psychedelics 14:54 Tue 16 Jun 2020 Follow Alastair on: Alien Metals Ltd has a diverse portfolio of commodities to develop Alien has a broad portfolio of assets both Mexico and Australia Alien Metals Ltd (LON:UFO) is about to commence two consecutive underground sampling programs on its core silver projects in Mexico, San Celso and Los Campos….Although the global pandemic has put a damper on the markets overall, the safe-haven status of gold and silver has injected new life into the precious metals market and these companies are ready for their time to shine….In exchange for publishing services rendered by the Company on behalf of Alien Metals Ltd named herein, including the promotion by the Company of Alien Metals Ltd in any Content on the Site, the Company receives from…