Silver (XAGUSD) Up $0.04 in Last 4 Hours, Started Today Up 0.23%; Pin Bar Pattern Appearing on Chart

Silver 4 Hour Price Update

Updated July 13, 2020 11:18 AM GMT (07:18 AM EST)

Silver entered the current 4 hour candle at $18.712, up 0.23% ($0.04) from the last 4 hour candle. Relative to other instruments in the metals asset class, Silver ranked 3rd since the last 4 hour candle in terms of percentage price change.

Silver Daily Price Recap

Silver entered today at $18.712, up 0.23% ($0.04) from the previous day. Relative to other instruments in the metals asset class, Silver ranked 3rd since the previous day in terms of percentage price change. The daily price chart of Silver below illustrates.

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 7 of the previous 10 trading days. 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 XRP2112:

    @Loisdutch1 @SantaSurfing @Muskivenua10 That’s the price gold/silver should be at if JP Morgan wasn’t keeping the silver price held down. It’s where metals should be at because of all the inflation since early 1900s. At the reset metals will rise to meet inflation. $3700/oz silver, baby 💪

  • From Mintmark:

    “‘Having fallen sharply in mid-March, the silver price has since recovered strongly, rising by 56 percent to reach US$17.84 at end-June; it has since broken through the US$18 barrier,’ wrote the institute [i.e., the Silver Institute].” — Kitco News

  • From Ggwashington1:

    @LawrenceLepard I like it. $fsm MC still under 1B with Lindero about to produce 200,000oz au alone at cost of 700-800usd, plus the existing mines! Plus silver price about to break out. This thing should be at 3-5Bmc