Silver (XAGUSD) Down $0.26 On 4 Hour Chart, And A Story About Each Other; Nears 20 Day Moving Average

Silver Daily Price Recap

Silver closed the day prior down 1.09% ($0.27); this denotes the 3rd consecutive day a decrease has occurred. Relative to other instruments in the metals asset class, Silver ranked 2nd since the day prior in terms of percentage price change. The daily price chart of Silver below illustrates.

XAGUSD

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. 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 7 out of the past 14 days. Also, candlestick traders! Note we see doji and pin bar patterns appearing here as well.

Overheard on Twitter

Behold! Here are the top tweets related to Silver:

  • From NeapolisMG:

    @chaosprime I was hoping to skimp with the silver price but am willing to go as high as the electrum price, but gold is pretty pricey and the iron price can be lethal.

  • From silverquote:

    Hong Kong #Silver #Price Morning Session Open: $24.43 USD per oz 2020-10-26 08:30:18 HKT

  • From michaelmhyatt:

    @Guv999 Guilty as charged, also checking Silver price too

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

10-27-2020 – $100 Silver Price: When and Why We Will See It

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$100
Silver Price: When and Why We Will See It   Gold and silver have always held a
close correlation with each other, with silver usually
outperforming gold in bull markets, as it did this year…. 
 Discover The Morgan Report Today    If we look at the Gold/Silver Ratio
right now all signs point to a massive rally….The price of silver after breaking down in the
gold/silver ratio below the 80 level, exploded to a high
of $49.82/ounce…. 
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