Silver 4 Hour Price Update
Updated February 17, 2021 01:58 AM GMT (09:58 PM EST)
Silver is down 0.71% ($0.19) since the last 4 hour candle, marking the 3rd candle in a row a decline has happened. Those trading within the metals asset class should know that Silver was the worst performer in the class the current 4 hour candle.
Silver Daily Price Recap
27.22 was the closing price of the day for Silver, resulting in today being one in which price moved down 1.34% ($0.37) from the previous day. Out of the 5 instruments in the metals asset class, Silver ended up ranking 4th for the day in terms of price change relative to the previous day. The daily price chart of Silver below illustrates.
Silver Technical Analysis
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. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Silver’s price has gone down 5 of the previous 10 trading 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 demon_slick:
Today’s play, $SLV ETF admitted they don’t have the silver. Expect it to go down. $PSLV has the silver. They will go up. Also expect modest gains in physical silver price. Trend accelerates all week. And of course buy/hold $AMC.
- From goldseek:
On a price pullback. Silver is showing good support ~ $26 and just below.The silver price around these levels, sub $30 remains a very attractive risk/reward store of value, savings.This precious monetary-industrial metal.
As for a news story related to Silver getting some buzz:
It has been a long ten years, but it seems that the investing world is finally beginning to realize that the globally-recognized prices of gold and silver are managed and manipulated by the Bullion Banks, which operate as market makers within the fraudulent fractional reserve and digital derivative pricing scheme….At my site TF Metals Report, we call this “Manipulation Analysis”, and it serves us all quite well….Instead, it’s about COMEX silver and the ongoing, grassroots effort to squeeze the Banks through the acquisition of physical metal….I can’t find where I ever submitted it to Sprott Money, so I think it was only published to the TFMR site….Specializing in the sale of bullion, bullion storage and precious metals registered investments, there’s a reason Sprott Money is called “The Most Trusted Name in Precious Metals”….Since 2010, he has been the editor and publisher of the TF Metals Report found at TFMetalsReport.com, an online community for precious metal investors.