Silver Daily Price Recap
17.08 was the closing price of the day for Silver, resulting in today being one in which price moved down 0.7% ($0.12) from the day prior. Those trading within the metals asset class should know that Silver was the worst performer in the class today. Here is a daily price chart of Silver.
Silver Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For another vantage point, consider that Silver’s price has gone up 17 of the previous 30 trading 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 Madeswa68087054:
@GraceffoLenny @LawrenceLepard @TheLastDegree Can you please explain why “silver one” is high risk? candelaria has ~50million ounce of heaps waiting for a higher silver price.
- From dmcclintock5:
@JohnKStahlUSA Hahahahaha! How much did Psycho Trump pay you! 300 pieces of silver! Price has gone up since up since Judas outed Jesus!
- From dushocki:
@TremmelSteve @RholbrookRuss @CordovaTrades Silver price will blow minds over the next couple years 👀
In terms of news links for Silver here’s one to try:
Q1 2020 hedge fund letters, conferences and more My favorite of the 256 comments was one that read: “It’s not that I’m buying silver because I’m investing for the price to go up….This past weekend private Federal Reserve Chairman Jerome Powell went on CBS 60 Minutes to make the case to its mostly elderly viewership that all is well thus far with the $6.21 trillion in fiat US dollars they have drawn out of thin air….JEROME POWELL: We print it digitally….If this escalating silver investment demand in the face of unprecedented fiat currency creation, keeps going at this rate, there is no way silver spot prices are going to stay much longer in their polite $15 to 20 oz price range they have traded within for basically the last five to six years of time.