Silver (XAGUSD) Up $0.14 Over Past 4 Hours, And A Story About Hunt Brothers; Entered Today Down 2.15%

Silver 4 Hour Price Update

Updated June 04, 2020 03:17 AM GMT (11:17 PM EST)

Silver came into the current 4 hour candle up 0.84% ($0.14) from the open of the previous 4 hours, marking the 6th candle in a row an increase has occurred. Relative to other instruments in the metals asset class, Silver ranked 4th since the previous 4 hours in terms of percentage price change.

Silver Daily Price Recap

Silver closed the day prior down 2.15% ($0.39); this denotes the 2nd day in a row a decrease has occurred. On a relative basis, Silver was the worst performer out of all 5 of the assets in the metals asset class today. Here is a daily price chart of Silver.

Silver Technical Analysis

Volatility for Silver has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 5 out of the past 10 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 dnp3207:

    @Paul_Hol1000 Which is good indeed! Take your time and collect more physical stockpile of physical of gold and silver in your vault while you can. It is better if gold/silver price does not explode suddenly for small investors, so that they can buy more real physical gold and silver. Patience.

  • From SRSroccoReport:

    @PeterSchiff @SchiffGold While industrial #silver demand in the solar industry will remain strong, the real driver of the market will become “Physical Investment demand.”I forecast industrial demand will become less of a factor of the silver price in the future.

  • From fund_harry:

    @GarrettGoggin Probably $CDE. Not because of their net asset value, but because of their leverage to the silver price. For silver: leverage=value in bull markets

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

Silver Price High Record

If you found this Silver Price high post in our SD Bullion blog, it is quite likely you want to know what the all-time silver price high for silver bullion is in fiat US dollars….We don’t just look at a nominal silver price high but also what that was worth in today’s fiat US dollars….- – In years 1980 silver and 2011 silver, are two timeframes in which fiat US dollar prices for silver peaked nominally near $50 fiat US dollars per troy ounce of silver….- The highest fiat US dollar price for silver remains the 1980 silver price high in which the Hunt Brothers were and still are, often scapegoated as somehow inciting or causing….And price inflation symptoms have been compounding since the 1980 silver price high.