Silver (XAGUSD) Down $0.36 On 4 Hour Chart, Underperforms All metals; Entered Today Down 0.92%

Silver 4 Hour Price Update

Updated November 20, 2020 01:57 AM GMT (09:57 PM EST)

Silver is down 1.49% ($0.36) since the last 4 hour candle, marking the 3rd straight candle it has gone down. 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

Silver closed the previous day down 0.92% ($0.22); this denotes the 3rd consecutive day a decrease has occurred. Those trading within the metals asset class should know that Silver was the worst performer in the class today. Let’s take a look at the daily price chart of Silver.

XAGUSD

Silver Technical Analysis

Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 30 days Silver’s price has gone up 16 them.