Silver 4 Hour Price Update
Updated January 25, 2021 01:58 AM GMT (09:58 PM EST)
Silver closed the last 4 hour candle up 0.27% ($0.07); this denotes the 2nd consecutive candle an increase has occurred. Silver outperformed all 5 assets in the metals asset class since the last 4 hour candle.
Silver Daily Price Recap
25.4 was the closing price of the day for Silver, resulting in today being one in which price moved down 2.1% ($0.55) 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
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 18 out of the past 30 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Silver:
- From ScottBFree5:
@pansareV $AG is the next $GME. Huge short interest in a top silver producer. $Silver fundamentals have never been better: Supply/demand, green technology, monetary policy, and technically entered a new bull market in the summer. $AG has huge leverage to the silver price with 24% short %
- From CryptoSl369:
8:24 Incomprehensible amount of gold is underneath the Vatican’s tunnel
9:28 Iraq Dinar investment
10:29 Silver price/value
12:12 #BTC trajectory for 2021 and countries/players that manipulates the mkt
15:24 Dec 2017 crypto market crashed
17:30 The next crypto crash
- From silverquote:
Sydney #Silver #Price Open: $25.47 USD per oz 2021-01-25 09:00:56 EST
In terms of news links for Silver here’s one to try:
(This capability also holds true for run, stop, draw-and-fire sidearm practice.) Not long ago, when silver was dropping $2.50 an ounce, with gold down $75, a metals dealer had this to say: “The Big money always moves way ahead of the crowd….And if you look at what sophisticated money on the planet is doing; they’re using price as a cover; manipulated price as a tool of misdirection, to accumulate….This allows big money to accumulate gold and silver in copius amounts without being crowded out of their trade….During a 2010 CFTC hearing, CPM Group’s Jeff Christian testified that: “Precious metals trade in a multiple of a hundred times the amount of the underlying metal.” In other words, prices are manipulated and suppressed with bets placed on tons of imaginary or non-existent metals….This supply illusion causes the paper metals’ price to be manipulated lower, even if demand is rising!” So…