Silver (XAGUSD) Down $0.04 Over Past 4 Hours; Entered Today Up 0.88%

Silver 4 Hour Price Update

Updated February 16, 2021 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 27.563 US dollars, down 0.14% ($0.04) since 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 entered today at $27.59, up 0.88% ($0.24) from the day prior. Out of the 5 instruments in the metals asset class, Silver ended up ranking 3rd for the day in terms of price change relative to the day prior. The daily price chart of Silver below illustrates.


Silver Technical Analysis

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 up 5 out of the past 10 days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Silver:

  • From BenWestgate_:

    @ddelruss @sachsjunior they’re hundreds of USD each now because silver price went up due to dollar debasement. I’d rather stack sats but I’ll get one eventually. Right now I’d rather have the $3-5k in 3 years (if I buy BTC) than the 300-500 lighter today.But I’d get it today if old Nightlife existed

  • From atla_gold:

    I just upgraded my #gold & #silver price target to INFINITE because in 2025, it will be UNOBTANIUM. You just need a worldwide rush in gold and silver, and it is over. Why? Just 5% of world investors money go into gold & silver and all is gone. How about 10%? 20%?

  • From comexdefault:

    @wernerdevos3 @FGMR @BullionStar Nobody knows with Currie admiting that the big Comex shorts are the ETFs. Does this mean that SLV could see significant outflows while the silver price rises? If yes, how can it then “track the price of silver”?

For a longer news piece related to XAGUSD that’s been generating discussion, check out:

WHERE’S THE SILVER? Serious Questions Emerge As SLV Managers Look To Cover Themselves With New Disclosure | King World News

In other words, it lets the managers of SLV off the hook if the silver price starts rising and the price of SLV does not….Here is what I believe to be the key new disclaimer: “This could lead to volatile price movements in [SLV] Shares that are not directly correlated to the price of silver.” SLV No Longer Needs To Track The Price Of Silver
In other words, the price of SLV is now whatever the managers want it to be….Protecting Themselves, Not SLV Shareholders
And if SLV is actually a slush fund to control the silver price and is short silver as some have alleged, it is impossible to predict what the impact would be if the SLV share price stops tracking the silver price.