Silver (XAGUSD) Down $0.86 Over Past 4 Hours, Entered Today Down 3.34%; Pin Bar Pattern Appearing on Chart

Silver Daily Price Recap

The back and forth price flow continues for Silver, which started today off at 23.41 US dollars, down 3.34% ($0.81) from the day prior. 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 the day prior. Let’s take a look at the 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. For another vantage point, consider that Silver’s price has gone up 10 of the previous 14 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

Behold! Here are the top tweets related to Silver:

  • From StuOnGold:

    The #Silver price should be a bare minimum of 10 times the current price, & 100% of the reason it is around $20 instead of $200, is CRIMEX bankster criminal action over decades of time, 100% endorsed by the regulators, over the same decades of time. ~ Graceland Updates

  • From goldseek:

    On the daily chart the silver price still looks momentous.. staying above Tuesday’s washout lows, I would bet it will hold but we know how the paper casino plays silver traders and can do quick moves to shake out more weak hands.

  • From Ronnie_Rusli:

    Sangat realistik th 2021👉With more downside expected in US real interest rates we are once again reiterating our long gold recommendation from March and are raising our 12-month gold and silver price forecasts to $2300/toz and $30/toz respectively from $2000/toz and $22/toz.

For a longer news piece related to XAGUSD that’s been generating discussion, check out:

Gold price today: Rs 52,465 per 10 gram, silver price at Rs 62,730 per kg | Business Standard News

In New Delhi, the price of 22-carat gold rose to Rs 51,250 per 10 gram….ALSO READ: Gold prices decline after 7 days of back-to-back gains; silver falls 9% Gold surged to a record high of $1,980.57 an ounce earlier in the session, but prices have retreated as much as 3.7% since then as investors booked profits and the dollar bounced back.