Silver Closes Above Its 200 Day Moving Average

The 200 day moving average is one signal that the computer algos watch. Recently, silver had fallen below its 200 day moving average as shown on the chart below from stockcharts.com. But Thursday (4-1-2021) it closed well back up above the 200 day average. The chart below (based on the April silver futures contract) shows the 200 day average at $24.77 and a candle yesterday that moved from below that price point to close at $24.95.




chart from stockcharts.com

click on chart to enlarge


Comments

Post a Comment

Popular posts from this blog

Battery Free Wearables Using Silver?

Image
It seems that more and more creative ways to use silver are being explored. One determined poster in the Wall Street Silver forum actually came up with a list of 100 uses for silver . One interesting new potential use is described in a recent publication released by the Silver Institute . They ask if battery free wearables might be part of our future. Below is an excerpt from the publication explaining how silver factors in to the equation. Are Battery-Free Wearables Possible?  "What if wearables could be powered by electricity generated by the body’s own heat?  Researchers at the Korea Institute of Science and Technology (KIST) are studying whether an ordinary thermocouple -- two different pieces of metal that generate electricity when sandwiched together in the presence of heat -- could generate enough electrical energy to operate a wearable device like heart rate or blood pressure monitors without the need for batteries.  Thermocouples are common in devices like fire a...
Read more

Wall Street Silver Founder Discusses Group's Mission & Goals (Q&A Interview)

Image
                                                            Ivan on Kitco News (Youtube image) The Wall Street Silver subgroup on Reddit burst on the scene in late January 2021. Wallstreetbets on Reddit had made media headlines with its short squeeze play on Gamestop. Seemingly, out of that effort emerged the idea that the silver market was also set up for a potential short squeeze. Ivan Bayouhki, a member of the Wallstreetbets group, emerged as a leader for the new r/Wallstreetsilver sub group on Reddit. Ivan kindly agreed to take time to do a Q&A style interview to discuss the mission and goals for Wall Street Silver over the long term. While the Wallstreetbets group tends to focus on shorter term investment goals related to specific stocks like Gamestop, Ivan sees Wall Street Silver as a potential long term movement for him now. Be...
Read more