Silver 4 Hour Price Update
Updated September 08, 2020 07:18 AM GMT (03:18 AM EST)
Silver entered the current 4 hour candle at $26.848, down 0.12% ($0.03) from the previous 4 hours. Relative to other instruments in the metals asset class, Silver ranked 4th since the previous 4 hours in terms of percentage price change.
Silver Daily Price Recap
26.848 was the closing price of the day for Silver, resulting in today being one in which price moved down 0.12% ($0.03) from the day prior. Relative to other instruments in the metals asset class, Silver ranked 4th since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of Silver.
Silver Technical Analysis
Volatility for Silver has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone down 9 out of the past 14 days. And for candlestick traders, a special treat: there are doji and pin bar patterns showing up on the charts as well. Rejoice!
Overheard on Twitter
Behold! Here are the top tweets related to Silver:
- From myprecious999:
@RonStoeferle @markets This article incorrectly implies that the full brunt of the silver price increase is because of an expected collapse in fiat. The author neglects to say all commodities are being driven up by money printing, and the case for silver is strengthened by its green energy/EV demand
- From Malik49977264:
Alien Metals. The silver price has massive re-rating potential in my view. I am playing a gold to silver ratio compressing to 30x or less.
On my numbers, #UFO is worth £45m on $25 silver (and other conservative assumptions). Imagine where fair value goes at $65+ #silver! - From MrWWolfe:
Big move in the london listed miners this morning with not much movement in the gold and silver price. This is quite a bullish indicator when the miners start to lead the price.