Silver 4 Hour Price Update
Updated February 26, 2021 01:59 AM GMT (09:59 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 27.479 US dollars, down 0% ($0) since the last 4 hour candle. Silver outperformed all 5 assets in the metals asset class since the last 4 hour candle. Congrats to its holders!
Silver Daily Price Recap
Silver entered today at $27.4, down 2.07% ($0.58) from yesterday. Relative to other instruments in the metals asset class, Silver ranked 4th since yesterday in terms of percentage price change. Below is a 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 additional context, note that price has gone up 5 out of the past 10 days.
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 jensabrahamsson:
@GuillaumeFeldm1 Exactly, it’s naïve to believe #COMEX will default in March. However, I don’t think it’s naïve to believe we could have a silver price of 40+ around April 25. Rome wasn’t built in one day, but it was indeed built, eventually. #silversqueeze
- From KingKong9888:
@Dioclet54046121 This is the perfect storm. Retail investment and industrial demand fighting for a limited declining supply of Silver. I think the reflation industrial demand for silver might push the Silver price over the edge to the upside…
- From JimForsythe5:
@Galactic_Trader AG price has gotten ahead of the silver price IMO. I’d make sure to use long dates for options. Eg a year out. And be ready to add on any dips.
For a longer news piece related to XAGUSD that’s been generating discussion, check out:
Note: Low and High figures are for the trading day.