Silver (XAGUSD) Down $0.02 On 4 Hour Chart, Underperforms All metals; Price Base in Formation Over Past 90 Days

Silver 4 Hour Price Update

Updated November 13, 2020 08:18 AM GMT (04:18 AM EST)

Silver entered the current 4 hour candle at $24.23, down 0.08% ($0.02) from the previous 4 hours. 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

The back and forth price flow continues for Silver, which started today off at 24.23 US dollars, 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. Here is a daily price chart of Silver.

XAGUSD

Silver Technical Analysis

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. For another vantage point, consider that Silver’s price has gone up 8 of the previous 14 trading days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Overheard on Twitter

Behold! Here are the top tweets related to Silver:

  • 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