Silver (XAGUSD) Up 0.17%; in an Uptrend Over Past 14 Days

Silver Daily Price Recap

Silver entered today at 15.426 in US dollars, up 0.17% ($0.026) from the day prior. Relative to other instruments in the metals asset class, Silver ranked 3rd since the day prior in terms of percentage price change. 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.

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 BradHuston:

    Weird how the market has “recovered” but the gold/silver ratio is still 110. Of course, silver price poundings being used as a last-ditch effort to shackle gold (which just happens to help the $) is crazy talk, what w/ physical silver prices running $5 oz. higher than spot.

  • From History_Thieves:

    @TrutherbotPyrat @karenricks JP Morgan stand to lose $1Bn for every $ that the Silver price increases (they are somehow hedged against it). Thats why the price (of both elements) is fixed.
    (ps – Nice stash you have there, whats your address btw?)

  • From silverquote:

    London #Silver #Price Open: $15.59 USD per oz 2020-04-16 08:30:23 BST

In terms of news links for Silver here’s one to try:

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