Silver

(Last Updated January 18, 2021)

Welcome to the news page for Silver (XAGUSD). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:

The Trend

As for trends on XAGUSD, we’re seeing a downtrend on shorter timeframes — but an uptrend on the 90 and 30 day timeframes. As such, traders with short positions should be aware of the uptrend in place on the longer timeframes.

XAGUSD Moving Averages

The moving averages on XAGUSD summarize its price action in an interesting way. Out of the moving averages we’re monitoring (20, 50, 100, and 200 days), all but the 200 are bearish, suggesting the trend is generally downward, save for a jump that occurred about 6 months ago. Moreover, today we saw the 50 moving average turn bearish.

Below is a chart showing XAGUSD’s price with its moving averages.

The View From the Weekly Timeframe

At the time of this writing, XAGUSD’s price is down $-0.63 (-2.5%) from the week prior. Moreover, note that this is the 2nd week in a row XAGUSD has seen its price head down. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 5, 10 and 20 week timeframes. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. XAGUSD’s weekly price action over the past 52 weeks can be seen via the chart below.