Silver 4 Hour Price Update
Updated September 09, 2020 07:17 AM GMT (03:17 AM EST)
Silver entered the current 4 hour candle at $26.626, down 0.94% ($0.25) from the previous 4 hours. Relative to other instruments in the metals asset class, Silver ranked 3rd since the previous 4 hours in terms of percentage price change.
Silver Daily Price Recap
Silver entered today at $26.626, down 0.94% ($0.25) from the day prior. Relative to other instruments in the metals asset class, Silver ranked 3rd since the day prior in terms of percentage price change. The daily price chart of Silver below illustrates.
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. Or to view things another way, note that out of the past 14 days Silver’s price has gone down 9 them. 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 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 SubhadipNandy:
This is something , if you understand spreads and how silver price is settled, simply could not happen . Many traders even some small firms simply blew up. Margins were 5% and people had piled up positions and become extremely over leveraged
In terms of news links for Silver here’s one to try:
Gold price falls after 3 days; silver rates at Rs 67,700
Gold, Silver prices today: Prices of gold and silver were trading a tad lower in Indian as well as international commodity markets on Tuesday, as investors turned cautious awaiting the outcome of the European Central Bank meeting this week Gold, Silver prices in India on September 8: Gold price eased on Tuesday as the dollar strengthened after three sessions of gains….Gold and silver is trading lower today on the back of a sharp recovery in US Dollar as investors weighed whether an accommodative turn from the European Central Bank later this week could hit the euro, while the pound nursed losses due to Brexit uncertainty.” “As of today, traders can go for sell in gold at Rs 51,100 levels with the stop loss of Rs 51,450 levels for the target of 50,200 levels.