Silver (XAGUSD) Up $0.14 in Last 4 Hours, Outperforms All metals; Pin Bar Pattern Appearing on Chart

Silver 4 Hour Price Update

Updated May 31, 2020 11:17 PM GMT (07:17 PM EST)

Silver is up 0.84% ($0.14) since 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 previous day up 2.46% ($0.43); this denotes the 3rd day in a row it has gone up. Silver outperformed all 5 assets in the metals asset class since the previous day. The daily price chart of Silver below illustrates.

Silver Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days Silver’s price has gone up 18 them. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Silver for the past day were:

  • From paulreid1986:

    @HenrikZeberg I understand Henrik but I believe the silver price will outperform gold as a percentage ratio, therefore, I suspect the same with silver miners. I am looking at buying Hochschild when the price goes way down have you heard of this company ?.

  • From Alfyarch:

    A bullish prediction by Michael Oliver on #Silver price breakout to high $20s. Back in Sep-2010, #Silver broke-out from a shy of $20/oz to $30/oz in less than 3-months period, out of anyone’s expectation. Keep in view the possibility this time round!

  • From timhoppers:

    @SilverChartist Analysts like picking on $AG but the company is a pure play on Silver. When silver price scales up through the low 20’s Ag will likely lead the way IMO