Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed up.
Or to view things another way, note that out of the past 14 days silver’s price has gone up 8 them.
Though this scenario is exactly what is happening in the quoted prices of paper derivative gold and silver by every talking head on financial shows all over the world and the much higher prices for physical gold and silver you will discover were you to buy real gold and silver from bullion dealers, every analyst in the world quotes the wrong gold/silver price ratios and wrong gold/silver price performance….
Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
For additional context, note that price has gone up 8 out of the past 14 days.
Out of the 5 instruments in the metals asset class, silver ended up ranking 4th for the day in terms of price change relative to the day prior.
$Abra $abbrf truly a hidden gem & completely off the radar of most.
Extremely undervalued & highly leveraged to a rising silver price.
Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
Relative to other instruments in the metals asset class, silver ranked 3rd since the day prior in terms of percentage price change.