Silver (XAGUSD) Down $0.05 On 4 Hour Chart, Underperforms All metals; Entered Today Down For the 2nd Straight Day

Silver 4 Hour Price Update

Updated February 11, 2021 12:52 PM GMT (08:52 AM EST)

The back and forth price flow continues for Silver, which started the current 4 hour candle off at 27.108 US dollars, down 0.2% ($0.05) 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

Silver came into today down 0.76% ($0.21) from the open of the previous day, marking the 2nd straight day a decrease has occurred. On a relative basis, Silver was the worst performer out of all 5 of the assets in the metals asset class today. The daily price chart of Silver below illustrates.

XAGUSD

Silver Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For another vantage point, consider that Silver’s price has gone up 6 of the previous 10 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Silver:

  • From HertsTimelord:

    @Alessandrohodl @zerohedge The silver price jumped from $6/ounce in January1979 to a record high of $49 per ounce in January 1980, an increase of 713%. The Texan Hunt brothers were estimated to hold 1/3 of the entire world supply of silver. COMEX changed the rules on leverage & the price halved in 4 days.

  • From Reptoid_Hunter:

    Silver price is going up and will FLY soon!Those with paper silver think they are doing well lolIf it isn’t in your hand you don’t have it!Wait until the shit hits the fanCan’t wait…Try and get delivery of your REAL silver from paper!Price will be to the moon!

  • From Harsh_k:

    @SilverChartist It doesn’t make any sense, the physical silver price is going up at the same time spot price is going down, this is not even a conspiracy theory any more, any one wants to make documentary, silver price is a great topic.

In terms of news links for Silver here’s one to try:

Learning From Silver Price Manipulation by JPMorgan – GoldSilver.com

The COMEX silver fraud has lasted for more than 30 years, as the banks that are part of this derivatives exchange author their own story of modern silver price manipulation….Furthermore, the U.S. Commodity Futures Trading Commission (CFTC) refuses to answer or refute allegations, like JPMorgan never taking a loss in shorting COMEX silver and the fact that JPMorgan has been the leading short seller while amassing more physical silver than any entity in history.