Silver (XAGUSD) Up $0.2 Over Past 4 Hours, And A Story About Gold Prices; in an Uptrend Over Past 14 Days

Silver 4 Hour Price Update

Updated December 31, 2020 01:58 AM GMT (09:58 PM EST)

Silver came into the current 4 hour candle up 0.74% ($0.2) from the open of the last 4 hour candle, marking the 4th straight candle an increase has occurred. On a relative basis, the current 4 hour candle were pretty good: Silver bested all 5 of the assets in the metals class 🙂

Silver Daily Price Recap

Silver closed the day prior up 1.65% ($0.43); this denotes the 6th straight day an increase has occurred. Silver outperformed all 5 assets in the metals asset class since the day prior. Below is a daily price chart of Silver.

XAGUSD

Silver Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 8 out of the past 10 days.

Overheard on Twitter

Behold! Here are the top tweets related to Silver:

  • From WarwickSimons:

    @TaviCosta Hmm. Does that change in debt series correlate to future gold & silver price changes?
    Because debt to capex to supply to lower prices. I suspect a rolling 4Q debt series may be indicative.
    I’d do it but don’t have data access at the mo.

  • From AtoniusAntonius:

    @Clayton34276863 @2020Upstream @LawrenceLepard @LukeGromen I do agree with the point. But those coins did not have a scarcity or numismatic premium when they were legal tender. Should use the silver price to make the point, I would think.

  • From AndrewWeston9:

    #POW if that silver price target is correct PJ will want to get in silver peaks asap as soon as the ground has thawed. 2021 looks fantastic as a junior miner

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

Silver price to shine the brightest in 2021, gold is third most popular asset | Kitco News

Many analysts also see silver outperforming gold prices in 2021….This suggests that already low inventories may decline further, so prices are set to remain elevated.” Gold prices came in third place with 140 participants or 14% expecting the yellow metal to be the best performing asset in 2021….Sentiment in the gold market is extremely bullish with many analysts expecting prices to retest August’s all-time highs above $2,000 an ounce.