Silver (XAGUSD) Up $0.14 Over Past 4 Hours, And A Story About Macrotrends; in an Uptrend Over Past 30 Days

Silver 4 Hour Price Update

Updated June 05, 2020 03:18 AM GMT (11:18 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

The back and forth price flow continues for Silver, which started today off at 17.6635 US dollars, down 0% ($0) from yesterday. Relative to other instruments in the metals asset class, Silver ranked 3rd since yesterday in terms of percentage price change. Below 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. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that Silver’s price has gone up 16 of the previous 30 trading days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Silver:

  • From C_Bendiksen:

    @nbxcom The Pound Sterling is 1,200 years old in name only. It used to be an actual pound of Sterling silver…. That’s more than £200 at today’s silver price.In its unbacked free floating post-Bretton Woods fiat form it is barely 50 years old. I’d be shocked if it survives another 50.

  • 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 cartman_crypto:

    @jiucrypto And one more question: How do you think about the actual silver price situation with way higher prices of physical silver to paper silver?

As for a news story related to Silver getting some buzz:

Silver Price Forecast: 2020’s An Ideal Long-Term Environment | Silver Phoenix

If we look at the gold-to-silver ratio over the past three decades, it has increased during all four recessions in the period: Gold to Silver Ratio Chart Source: Macrotrends During the early 1990’s recession, the early 2000’s recession, and the 2008 recession, the gold-to-silver ratio went up….The gold-to-silver ratio increased from about 40x at the start of the decade to almost 100x by the end of the decade.  The 1940’s was the period of World War II, so federal deficits reached massive levels and federal debt went to record heights as a percentage of GDP, and the decade was rather inflationary, with brief spikes into double-digit inflation….The gold-to-silver ratio decreased from almost 100x at the start of the decade to under 50x by the end of the decade.