Silver 4 Hour Price Update
Updated June 26, 2020 03:18 PM GMT (11:18 AM EST)
17.88 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 2.05% ($0.36) from the previous 4 hours. Silver outperformed all 5 assets in the metals asset class since the previous 4 hours. Congrats to its holders!
Silver Daily Price Recap
Silver entered today at $17.78, up 1.48% ($0.26) from the day prior. Silver outperformed all 5 assets in the metals asset class since the day prior. Here is a daily price chart of Silver.
Silver Technical Analysis
First things first: Silver crossed above its 20 day moving average yesterday. Or to view things another way, note that out of the past 14 days Silver’s price has gone up 9 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.
Overheard on Twitter
Over on Twitter, here were the top tweets about Silver:
- From TheGoldAdvisor:
@SeanBrodrick Check their projected production increase, something like double over the next 2 years, plus they cleaned up a couple problem mines. I really like that management team too. Second highest leverage to the silver price (after #AG).
- From thesiriusreport:
The move in the Silver price yesterday was clearly to defend expiring July options. It bears no relation to physical demand.
- From silverquote:
Hong Kong #Silver #Price Morning Session Open: $18.09 USD per oz 2020-06-24 08:30:18 HKT
As for a news story related to Silver getting some buzz:
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.