Silver (XAGUSD) Down $1.27 Over Past 4 Hours, Entered Today Down 4.62%; Pin Bar Pattern Appearing on Chart

Silver Daily Price Recap

23.2245 was the closing price of the day for Silver, resulting in today being one in which price moved down 4.62% ($1.13) from yesterday. Relative to other instruments in the metals asset class, Silver ranked 4th since yesterday in terms of percentage price change. The daily price chart of Silver below illustrates.

XAGUSD

Silver Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 10 days Silver’s price has gone up 5 them. 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 Malik49977264:

    #UFO @AlienMetals. What‘s currently discounted in the shares?
    -#Silver price of $15/oz (vs spot at $24)
    -Zero value assigned to Iron ore projects (vs expl targets of 74-245Mt at 50-63%)
    -Zero value to Donovan2; despite decision this month on likely JV
    =>Great risk/reward profile

  • From karen_maina:

    Quick sale alert.
    Used iphone 6s available for sale. 32gb,color silver. Price 15k. Dm if interested.

  • From silverquote:

    Hong Kong #Silver #Price Morning Session Open: $24.34 USD per oz 2020-10-06 08:30:18 HKT

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

Gold price falls on weak global cues; silver rates below Rs 60K mark

Gold, Silver prices today: Overseas, gold futures traded near a one-week low hit in the previous session after President Trump halted negotiations with the US Congress on a large coronavirus stimulus bill Gold, Silver prices in India on October 7: Gold price slipped in the Indian commodity market on Wednesday tracking weakness from overseas after US President Donald Trump quashed hopes for a fourth stimulus package with a tweet….MCX gold futures today fell by Rs 470 to Rs 50,050, after hitting an intraday high and low of Rs 50,520 and Rs 50,030, respectively.