Silver (XAGUSD) Up $0.03 Over Past 4 Hours, Underperforms All metals; Price Base in Formation Over Past 90 Days

Silver 4 Hour Price Update

Updated November 13, 2020 01:56 AM GMT (09:56 PM EST)

Silver is up 0.13% ($0.03) since the previous 4 hours, marking the 3rd straight candle it has gone up. Out of the 5 instruments in the metals asset class, Silver ended up ranking 4th for the four-hour candle in terms of price change relative to the previous 4 hours.

Silver Daily Price Recap

Silver entered today at $24.23, down 0.08% ($0.02) from yesterday. Those trading within the metals asset class should know that Silver was the worst performer in the class today. The daily price chart of Silver below illustrates.

XAGUSD

Silver Technical Analysis

Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that Silver’s price has gone up 8 of the previous 14 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

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 DesoGames:

    @stephen_duke It means prices are gonna do whatever the fuck the bullion banks want them to do. As per the silver slam i posted at the bottom thar.It’s not normal fucking behavior for the silver price to crash $0,3 an ounce only to recover back up to full *within 2 hours*.Prices are Bogus.

  • From silverquote:

    Hong Kong #Silver #Price Morning Session Close: $24.22 USD per oz 2020-11-12 12:30:18 HKT

  • From Nwa_Xirhongani:

    @BaloyiAuby @TsakkyM It will depend on the Silver price