Silver (XAGUSD) Up $0.01 Over Past 4 Hours, Fares the Worst Out of metals; Entered Today Down For the 3rd Straight Day

Silver 4 Hour Price Update

Updated January 11, 2021 02:00 PM GMT (10:00 AM EST)

Silver is up 0.03% ($0.01) since the last 4 hour candle, marking the 2nd consecutive candle an upward move has occurred. Relative to other instruments in the metals asset class, Silver ranked 3rd since the last 4 hour candle in terms of percentage price change.

Silver Daily Price Recap

Silver is down 6.4% ($1.73) since yesterday, marking the 3rd straight day it has gone down. On a relative basis, Silver was the worst performer out of all 5 of the assets in the metals asset class today. Below is a daily price chart of Silver.


Silver Technical Analysis

Notably, Silver crossed below its 20 day moving average yesterday. 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 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 30 days Silver’s price has gone up 19 them.

Overheard on Twitter

Behold! Here are the top tweets related to Silver:

  • From CordovaTrades:

    Going to interview @UncleRico77 today about what he thinks for gold & silver price direction(!) &… bitcoin(!) and also to have him translate some of the economic jargon I’m seeing on Twitter from smart people because I have no idea what they are saying and I’m lazy & dumb.

  • From TBaron66:

    @short_le_marche @badcharts1 Basically, the Silver price has just barely started to appreciate in absolute and relative (to Gold) terms. The likelihood of higher Silver price is high in upcoming years. Of course this increase won’t be a straight line! As always patience & conviction are needed in investment.

  • From MarcDeMesel:

    @Tulle001 silver is very correlated to gold, just more extreme in price swings, so think same applies, likely to go down in value, but silver price more easily manipulated upwards as very few supply available in form of good delivery bars in comex, so articifial shortage possible

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

Silver Price Could Double Again Within 90 Days of Time | ZeroHedge

Silver vs Stock market percentage gain performance full fiat era SD Bullion   More simple to see is perhaps the full fiat era dow gold ratio, which stands near 16 at the moment.  A run back towards ten and beyond 2011’s low towards five is possible in this Biden administration’s coming tenure….Gold Dow Ratio 2021 full fiat currency era SD Bullion   On the silver side of this full fiat era, note the gap between where we are now vs….Silver Dow Ratio 2021 full fiat currency era SD Bullion   After all, the soon to be President is coming into office with trillions of more fiats stuttering off his silver tongue.