Silver 4 Hour Price Update
Updated December 29, 2020 01:58 AM GMT (09:58 PM EST)
The back and forth price flow continues for Silver, which started the current 4 hour candle off at 26.402 US dollars, up 0.39% ($0.1) from the previous 4 hours. Out of the 5 instruments in the metals asset class, Silver ended up ranking 2nd for the four-hour candle in terms of price change relative to the previous 4 hours.
Silver Daily Price Recap
Silver is up 1.2% ($0.31) since the previous day, marking the 4th consecutive day an upward move has occurred. Silver outperformed all 5 assets in the metals asset class since the previous day. Congrats to its holders! Below is a daily price chart of Silver.
Silver Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 10 days Silver’s price has gone up 8 them. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.
Overheard on Twitter
Over on Twitter, here were the top tweets about Silver:
- From Lawrenc01274652:
@RogueAnalyst @xenosecurity @Caseforsilver @SilverChartist If one sells their shares after the breakthrough of the psychological $50 level I believe the decision point will present options to stay invested or have the time span of now until the $50 silver price to discover the next opportunity with time, change and innovation
- From DFPSoldier:
Due to the weakness of the American dollar this week, you’re going to see a small jump in #Silver. Price may hit $27.50 and challenge $28, before falling back to $27.05-ish. Don’t get excited. The price moves say nothing about #Silver and everything about fiat’s weakness.
- From Kraze74:
@_JustinMoon_ with that, all encryption method everywhere will be suspect. physical gold / silver price will shoot to pluto and @PeterSchiff will finally get his day
As for a news story related to Silver getting some buzz:
Kitco News Share this article: Kitco News has launched its 2021 Outlook, which offers the most comprehensive coverage of precious metals markets in the new year….Ole Hansen, head of commodity strategy at the Danish bank, said in a telephone interview with Kitco News that while he is bullish on silver for 2021, his forecast in the bank’s outlook is an extreme take on a significant trend that will drive silver prices higher.