Silver 4 Hour Price Update
Updated June 23, 2020 03:18 PM GMT (11:18 AM EST)
Silver is up 1.25% ($0.22) since the last 4 hour candle, marking the 5th candle in a row it has gone up. Relative to other instruments in the metals asset class, Silver ranked 4th since the last 4 hour candle in terms of percentage price change.
Silver Daily Price Recap
Silver is up 1.06% ($0.19) since the day prior, marking the 5th day in a row it has gone up. Relative to other instruments in the metals asset class, Silver ranked 4th since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of Silver.
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. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that Silver’s price has gone up 7 of the previous 14 trading days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.
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 SchwartzyXRP:
@Compass_Crypto I sent him a direct message, trying to get both. I actually tried getting @ConnieS93097511 1 but they both sold in 2 minutes of it being posted. Perfect example of people paying silver price x5 for some of this stuff. If any more pop up, I’ll see if I can hook ya up after Connie
- From sstraussss:
@258Capital @MarcGH4 @ocieaja @oztradamu @Locieocie I think you are right silver at $20+ should see $ARD push to 5c given peer comparison to $SVL Big hits at Kempfield increasing the JORC could take us a lot higher Just need announcement the drill is spinning and Silver price to play ball
- From Trader__007:
Do not underestimate these Gold/Silver price moves……..position appropriately…..if the USD comes off more when it will accelerate those moves…..
As for a news story related to Silver getting some buzz:
The data these transactions generate is a goldmine for retailers and AI companies, allowing them to improve the algorithms that provide personalized recommendations and generate more sales.The growth in online activity also makes a compelling case for the adoption of virtual customer-service agents….International Business Machines Corporation estimates that only about 20% of companies use such AI-powered technology today….So long as companies proceed responsibly, years from now, the advances in AI catalyzed by the coronavirus crisis may be one of the silver linings we remember from 2020. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tae Kim is a Bloomberg Opinion columnist covering technology.