Silver Daily Price Recap
Silver is up 0.93% ($0.16) since the day prior, marking the 5th day in a row it has gone up. Out of the 5 instruments in the metals asset class, Silver ended up ranking 3rd for the day in terms of price change relative to the day prior. Below is a 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 additional context, note that price has gone up 8 out of the past 14 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!
Overheard on Twitter
Over on Twitter, here were the top tweets about Silver:
- From 2yellowmetals:
@duediligenceguy Well, one data point is the rise in silver price tonight. I have Kitco’s Gold Live app on phone so data on my selected metal is always visible on top of screen in small print. An hour ago I noticed silver was up .30. Impressive after Friday 75 cent gain. Just looked and up.60!
- From StuOnGold:
#Silver has the best statistical probability of yielding high returns based a #Gold to Silver ratio. Use the Gold price and Silver price to your advantage. This is the time for precious metals investors to start stacking Silver! ~ Bob Moriarty of 321gold
- From TimPerr73482157:
@JWest0926 @Mintgecko @jfostertm @SilverChartist @Silver_Watchdog @airic101 Agree with $ABRA.v $ABBRF. Incredible silver primary/gold resource. PP just closed. Drilling about to commence to further expand. Completely under the radar. IMHO exponential leverage to rising silver price.
For a longer news piece related to XAGUSD that’s been generating discussion, check out:
(Kitco News) – All eyes are on silver as prices are starting the week with some robust follow-through buying after Friday’s breakout session….Streible noted that the silver’s Friday rally picked up new momentum after the release of the Federal Reserve’s industrial production data for April.