Silver (XAGUSD) Up $0.1 Over Past 4 Hours, Tops All metals; Pin Bar Pattern Appearing on Chart

Silver 4 Hour Price Update

Updated July 01, 2020 01:00 AM GMT (09:00 PM EST)

17.852 was the closing price of the four-hour candle for Silver, resulting in the current 4 hour candle being one in which price moved up 0.57% ($0.1) from the last 4 hour candle. Relative to other instruments in the metals asset class, Silver ranked 4th since the last 4 hour candle in terms of percentage price change.

Silver Daily Price Recap

Silver came into today up 1.95% ($0.35) from the open of the previous day, marking the 2nd day in a row an increase has occurred. On a relative basis, today was pretty good: Silver bested all 5 of the assets in the metals class 🙂 Let’s take a look at the 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. For another vantage point, consider that Silver’s price has gone up 9 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 Eala_Jewellery:

    Frabbit cross update 1/2
    The silver price increase is causing a substantial price increase. I am also going to get help from a jeweller to polish them due to currently being on maternity leave which also pushes the price up a bit.
    I would need to add £10 to each cross……

  • From myprecious999:

    @Dioclet54046121 @2020Upstream @goldmarketgirl @DebraG_Robins Have lately been wondering whether $silver price movement is more insightful about the future than gold. If silver can break out sustainably above $19 then it’s all roses for gold. Until then something is holding all #preciousmetals back?

  • From rohitsahu340:

    This seems to be happening. Diesel gold price, petrol silver price will be sold soon. Ab ke baar Modi Sarakar @PMOIndia