Silver (XAGUSD) Down $0.28 in Last 4 Hours, Underperforms All metals; Crosses 50 Day Moving Average

Silver 4 Hour Price Update

Updated November 18, 2020 08:17 AM GMT (04:17 AM EST)

24.4678 was the closing price of the four-hour candle for Silver, resulting in the current 4 hour candle being one in which price moved down 1.15% ($0.28) 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

Silver entered today at $24.4678, down 1.15% ($0.28) from yesterday. Those trading within the metals asset class should know that Silver was the worst performer in the class today. Below is a daily price chart of Silver.

XAGUSD

Silver Technical Analysis

Notably, Silver crossed below its 50 day moving average yesterday. Also of note is that on the 30 and 90 day bases 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 17 of the previous 30 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Silver:

  • From abl_trader:

    Is anything wrong with Alexco Resources $axu? Stock has been a true disappointment. They are close to production, silver prices are now holding above 24$ and the stock is basically trading at the same level as in January with a silver price of 16$.

  • From DonDurrett:

    @johnlee25893955 @AmirGold2020 I would rather see 200 M&I and the silver price at $50. At that point, I can tell you your share price. I’ll give you a hint, it will be north of C$1.5. Good luck with drilling in 2021.

  • From urbandwellerMTL:

    @thesloopjonb @TheLastDegree I second that. My thesis for buying Aurcana was 1- upgrade because of production in 2021, 2-upgrade because of higher silver price, 3-upgrade for potential listing on NYSE and finally 4-M&A.