Silver (XAGUSD) Underperforms All metals, 2 Day Up Streak Ended; But Still in an Uptrend Over Past 30 Days

Silver Daily Price Recap

The back and forth price flow continues for Silver, which started today off at 15.202 US dollars, down 0.64% ($0.098) from the day prior. Those trading within the metals asset class should know that Silver was the worst performer in the class today. The daily price chart of Silver below illustrates.

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. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 30 days Silver’s price has gone up 15 them. And for candlestick traders, a special treat: there are doji and pin bar patterns showing up on the charts as well. Rejoice!

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 MrWWolfe:

    Looking back now I invested way too much in silver. My average silver price is £16/oz, but had I allocated some portion to Gold, I’d be 100% instead of 20% down. Lesson learned. Silver will catch up. Its just a bitch of a wait.

  • From DebraRo91758510:

    @GrantMBeasley @tourbillion38 reason share price done ok though G, higher % of rev from gold sales, imagine when silver price kicks

  • From CryptoBrunie:

    @George1Trader They are surpressing silver price with their shorts. They decide when it moves. You know who they are