Silver (XAGUSD) Up $0.37 Over Past 4 Hours, Moves Up For the 3rd Straight Day; Doji Pattern Appearing on Chart

Silver 4 Hour Price Update

Updated December 28, 2020 01:59 AM GMT (09:59 PM EST)

Silver came into the current 4 hour candle up 1.45% ($0.37) from the open of the previous 4 hours, marking the 3rd consecutive candle an increase has occurred. Silver outperformed all 5 assets in the metals asset class since the previous 4 hours. Congrats to its holders!

Silver Daily Price Recap

Silver came into today up 0.04% ($0.01) from the open of yesterday, marking the 3rd straight day an increase has occurred. Relative to other instruments in the metals asset class, Silver ranked 3rd since yesterday in terms of percentage price change. Let’s take a look at the daily price chart of Silver.


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 another vantage point, consider that Silver’s price has gone up 9 of the previous 14 trading days. Also, candlestick traders! Note we see doji pattern appearing here as well.

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 Lawrenc01274652:

    @RogueAnalyst @xenosecurity @Caseforsilver @SilverChartist If one sells their shares after the breakthrough of the psychological $50 level I believe the decision point will present options to stay invested or have the time span of now until the $50 silver price to discover the next opportunity with time, change and innovation

  • From TrendsSatya:

    @SBizjack @KitcoNewsNOW You are uselessly promoting your outdated crypto currency in a post about a silver price forecast. Maybe you need to ask yourself what your real motives are – most likely to pump your own holdings at the expense of the new buyers.

  • From AjatanW:

    @PepeNewsNow @familyman20181 @DrScottYoung Lying Bastards. Suppressing Gold and Silver price for decades and just slaps on the wrist of wrong doers banks. Complicit. Another organization that has to be burnt to the ground.

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

Outrageous: Green energy demand will ‘turbocharge’ silver price to $50 in 2021 – Saxo Bank | Kitco News

Kitco News Share this article: Kitco News has launched its 2021 Outlook, which offers the most comprehensive coverage of precious metals markets in the new year….Ole Hansen, head of commodity strategy at the Danish bank, said in a telephone interview with Kitco News that while he is bullish on silver for 2021, his forecast in the bank’s outlook is an extreme take on a significant trend that will drive silver prices higher.