Silver (XAGUSD) Down 2.41%, in an Uptrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart

Silver Daily Price Recap

Silver is down 2.41% ($0.42) since yesterday, marking a reversal from the day prior — and the end of a 6 day positive run. Out of the 5 instruments in the metals asset class, Silver ended up ranking 4th for the day in terms of price change relative to yesterday. Here is a 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. Or to view things another way, note that out of the past 10 days Silver’s price has gone up 7 them. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard on Twitter

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

  • From glennHODL92:

    @SmartContracter This has been going on for more than 2 months now. The silver price is disgusting 30+% above premium for shops that do have it. DONKS are still buying without doing the math

  • From Alfyarch:

    #Silver price continues to step up during the morning session and evening session. Both east and west are flopping into #Silver future contracts…

  • From CounterMarkets:

    Physical silver now costs $28/ounce!Spot silver price spiked to nearly $18/ounce.