Silver Daily Price Recap
The back and forth price flow continues for Silver, which started today off at 24.28 US dollars, up 0.46% ($0.11) from the previous day. Relative to other instruments in the metals asset class, Silver ranked 3rd since the previous day in terms of percentage price change. Here is a daily price chart of Silver.
Silver Technical Analysis
Notably, Silver crossed above its 20 day moving average yesterday. 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 30 day timeframe, which shows price moving down 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 swissfrankm:
@RemmeltL @watcher_pm @LloydBr01296340 @badcharts1 The legal issue in Mexico is hanging over it. Between eventually resolution and projected higher silver price, the shorts will eventually have to cover and this will return and potentially be a higher quality play then.
- From PUBGKAB28843275:
@TechnicalGuruji @YouTubeIndia @OnePlus_IN #GuessTheSpecs
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- From groverbushwood:
@Caseforsilver Mexican tax dispute will keep it locked down. Silver price won’t matter until that is resolved.
As for a news story related to Silver getting some buzz:
Gold, Silver prices today: Overseas, gold price fell below the key $1,900/ounce psychological level amid faded hopes of coronavirus relief package in the US Gold, Silver prices in India on October 15: Gold price in India fell on Thursday, although trades above Rs 50K mark, tracking weak cues from global markets….On the MCX, gold prices are expected to trade lower in today’s session.” On gold’s technical outlook, he added, “As for today traders can go for sell in gold at Rs 50,600 levels with the stop loss of Rs 51100 levels for the target of 49500 levels.