Silver (XAGUSD) Up $0.09 Over Past 4 Hours, Entered Today Up 0.47%; Pin Bar Pattern Appearing on Chart

Silver 4 Hour Price Update

Updated February 18, 2021 01:58 AM GMT (09:58 PM EST)

Silver is up 0.33% ($0.09) since the previous 4 hours, marking the 2nd consecutive candle an upward move has occurred. Relative to other instruments in the metals asset class, Silver ranked 3rd since the previous 4 hours in terms of percentage price change.

Silver Daily Price Recap

Silver entered today at $27.3471, up 0.47% ($0.13) from the day prior. Silver outperformed all 5 assets in the metals asset class since the day prior. Congrats to its holders! Here is a daily price chart of Silver.

XAGUSD

Silver Technical Analysis

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 14 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 7 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 MRoshiCrypto:

    @hunter_1st @PeterSchiff @SchiffGold BTC dumpt from 20k to 3K, everybody was saying that big guys where dumping and keeping BTC low, who would put money in BTC then? exactly smart money buys low while a BTC or Silver are pushed down. Silver price now is like BTC under 10K. Fanboys will be left behind.

  • From demon_slick:

    Today’s play, $SLV ETF admitted they don’t have the silver. Expect it to go down. $PSLV has the silver. They will go up. Also expect modest gains in physical silver price. Trend accelerates all week. And of course buy/hold $AMC.

  • From nulleberg:

    I guess even in case solar panel producers and buillion mints need to shut down production because of lack of silver supply, bankers would insist that a silver price under 30$ is „correct“. #silversqeeze

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

Blog – A Silver Price Manipulation Primer

  It has been a long ten years, but it seems that the investing world is finally beginning to realize that the globally-recognized prices of gold and silver are managed and manipulated by the Bullion Banks, which operate as market makers within the fraudulent fractional reserve and digital derivative pricing scheme….At my site TF Metals Report, we call this “Manipulation Analysis”, and it serves us all quite well….Instead, it’s about COMEX silver and the ongoing, grassroots effort to squeeze the Banks through the acquisition of physical metal….I can’t find where I ever submitted it to Sprott Money, so I think it was only published to the TFMR site….Specializing in the sale of bullion, bullion storage and precious metals registered investments, there’s a reason Sprott Money is called “The Most Trusted Name in Precious Metals”….Since 2010, he has been the editor and publisher of the TF Metals Report found at TFMetalsReport.com, an online community for precious metal investors.