Silver 4 Hour Price Update
Updated December 24, 2020 01:58 AM GMT (09:58 PM EST)
The choppiness in the recent four-hour candle price action of Silver continues; to start the current 4 hour candle, it came in at a price of 25.56 US dollars, down 0.12% ($0.03) since the last 4 hour candle. 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
25.53 was the closing price of the day for Silver, resulting in today being one in which price moved up 1.62% ($0.41) from the day prior. Silver outperformed all 5 assets in the metals asset class since the day prior. Congrats to its holders! The daily price chart of Silver below illustrates.
Silver Technical Analysis
Notably, Silver crossed above its 100 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For another vantage point, consider that Silver’s price has gone up 6 of the previous 10 trading days.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Silver for the past day were:
- From Richards_Karin:
Silver: JSE investors can gain exposure to Silver via the NewSilver ETN (code: NEWSLV). It tracks the $ spot price of Silver converted to Rand. There is no gearing, so appreciation will be the increase in the $ silver price plus any weakening of the Rand.
- From SilverPlusGold:
A sleeping giant is awakening: The low #silver price in early 1970’s, was approx.$1.65/ounce. Thirty times that figure is $49.50/ounce. I remember trading silver at $50.00/oz. Jan. 1980. This March’s low was $12.00. $12.00 times 30 comes to $360.00/ounce. #Silver awakens. $SILJ
- From silverquote:
Hong Kong #Silver #Price Morning Session Open: $26.21 USD per oz 2020-12-22 08:30:18 HKT
As for a news story related to Silver getting some buzz:
OpenDeFi Integrates Chainlink Oracle for Gold and Silver Price Feeds –
As a market-leading decentralized oracle solution, the Chainlink Network delivers secure and reliable price data to our smart contracts, ensuring that trading and maintaining collateralization of these tokenized assets remain in accordance with the fair market price of the real-world assets they represent….Chainlink Price Feeds are powered by decentralized oracle networks consisting of numerous independent, Sybil-resistant nodes that collectively source prices from multiple premium data aggregators as opposed to single exchanges.