Silver (XAGUSD) Outperforms All metals, Up 0.51%; in an Uptrend Over Past 14 Days

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 15.262 US dollars, up 0.51% ($0.078) since yesterday. On a relative basis, today was pretty good: Silver bested all 5 of the assets in the metals class 🙂 Here is a daily price chart of Silver.

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 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 6 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Silver for the past day were:

  • From CDFrazier87:

    Squatting to put my pots and pans in the cupboard, I’m reminded that I spent the better part of the past 8 years on Georgetown’s Student Health Insurance Plan. I’m 32 years old, and I have worse knees than my father. “A platinum plan for a silver price,” my butt!

  • From TimPerr73482157:

    @IntelSovereign @GrantMBeasley Recent drill results were very good & expanded an already large silver resource with additional gold as well. Extremely undervalued & highly leveraged to a rising silver price. $ABRA $ABBRF truly a hidden gem & completely off the radar of most. One of my favorite silver stocks.

  • From Buy100ozSilver:

    What happens in a free market if zinc lead and to some extent copper prices stay lower for longer. Mine supply will reduce and silver price will eventually go up without considering its precious metal component.