Silver 4 Hour Price Update
Updated December 25, 2020 01:58 AM GMT (09:58 PM EST)
Silver came into the current 4 hour candle up 0.02% ($0.01) from the open of the previous 4 hours, marking the 2nd consecutive candle it has gone up. Out of the 5 instruments in the metals asset class, Silver ended up ranking 3rd for the four-hour candle in terms of price change relative to the previous 4 hours.
Silver Daily Price Recap
Silver closed the previous day up 1.21% ($0.31); this denotes the 2nd consecutive day it has gone up. On a relative basis, today was pretty good: Silver bested all 5 of the assets in the metals class 🙂 Below is a daily price chart of Silver.
Silver Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For another vantage point, consider that Silver’s price has gone up 9 of the previous 14 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Silver:
- From Iam_MrPai:
Remember, as and when there is a US stimulus. It means that money circulation (in a quantity sense) is increasing. This will put downward pressure on the dollar. Inflation has to rise at some point.Weak dollar signs for a stronger Gold and Silver price.
- 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 Close: $25.73 USD per oz 2020-12-24 12:30:18 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.