Silver (XAGUSD) Up $0.04 in Last 4 Hours, Moves Up For the 2nd Straight Day; is Inching Close to 20 Day Average

Silver Daily Price Recap

Silver is up 0.16% ($0.04) since yesterday, marking the 2nd straight day it has gone up. 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.

XAGUSD

Silver Technical Analysis

For additional context, note that price has gone up 7 out of the past 10 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 DesoGames:

    @stephen_duke It means prices are gonna do whatever the fuck the bullion banks want them to do. As per the silver slam i posted at the bottom thar.It’s not normal fucking behavior for the silver price to crash $0,3 an ounce only to recover back up to full *within 2 hours*.Prices are Bogus.

  • From BedirkanPolat:

    @KurtogluKagan Altın ve GÜMÜŞ:
    _ JP Morgan Has Acquired A “Massive Quantity of Physical Silver”.
    – JP Morgan continues to accumulate the biggest stockpile of physical silver in history.
    _ The bank has never been better positioned for a SILVER PRICE EXPLOSION.

  • From silverquote:

    Hong Kong #Silver #Price Morning Session Close: $24.22 USD per oz 2020-11-12 12:30:18 HKT

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

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