Silver 4 Hour Price Update
Updated July 31, 2020 07:19 AM GMT (03:19 AM EST)
Silver is down 3.52% ($0.86) since the previous 4 hours, marking the 3rd candle in a row a decline has happened. Those trading within the metals asset class should know that Silver was the worst performer in the class the current 4 hour candle.
Silver Daily Price Recap
The back and forth price flow continues for Silver, which started today off at 23.41 US dollars, down 3.34% ($0.81) from the day prior. 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. 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 7 out of the past 10 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 StuOnGold:
The #Silver price should be a bare minimum of 10 times the current price, & 100% of the reason it is around $20 instead of $200, is CRIMEX bankster criminal action over decades of time, 100% endorsed by the regulators, over the same decades of time. ~ Graceland Updates
- From goldseek:
On the daily chart the silver price still looks momentous.. staying above Tuesday’s washout lows, I would bet it will hold but we know how the paper casino plays silver traders and can do quick moves to shake out more weak hands.
- From MacleodFinance:
Putting aside technical analysts expectations of a significant reaction in gold and silver, price performance feels bullish. If technical fears were valid, we would not see prices so stable at all-time highs for gold, and following a sharp rise for silver.
As for a news story related to Silver getting some buzz:
Gold price today: Rs 52,465 per 10 gram, silver price at Rs 62,730 per kg | Business Standard News
In New Delhi, the price of 22-carat gold rose to Rs 51,250 per 10 gram….ALSO READ: Gold prices decline after 7 days of back-to-back gains; silver falls 9% Gold surged to a record high of $1,980.57 an ounce earlier in the session, but prices have retreated as much as 3.7% since then as investors booked profits and the dollar bounced back.