Silver (XAGUSD) Up $0.1 On 4 Hour Chart, And A Link About Tae Kim; Came Into Today Up For the 4th Day In A Row

Silver 4 Hour Price Update

Updated June 22, 2020 03:17 PM GMT (11:17 AM EST)

Silver is up 0.54% ($0.1) since the previous 4 hours, marking the 4th candle in a row an increase has occurred. Out of the 5 instruments in the metals asset class, Silver ended up ranking 2nd for the four-hour candle in terms of price change relative to the previous 4 hours.

Silver Daily Price Recap

Silver closed the day prior up 0.54% ($0.1); this denotes the 4th day in a row an increase has occurred. Out of the 5 instruments in the metals asset class, Silver ended up ranking 2nd for the day in terms of price change relative to the day prior. Let’s take a look at the daily price chart of Silver.

Silver Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Silver crossed above its 20 day moving average yesterday. 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 6 of the previous 10 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Silver:

  • From sstraussss:

    @258Capital @MarcGH4 @ocieaja @oztradamu @Locieocie I think you are right silver at $20+ should see $ARD push to 5c given peer comparison to $SVL Big hits at Kempfield increasing the JORC could take us a lot higher Just need announcement the drill is spinning and Silver price to play ball

  • From SteveHotson:

    @LawrenceLepard @DanaWhitney59 Ditto, looks like they’re progressing all systems go now, multi hiring & kit. Think there’s a fair few shorts to cover before they get squeezed by silver price + revised w.license. Co. seem quite matter of fact re production plans. Tempted to add if fills 1.80’s 🤔$axu

  • From bangkokschmid:

    @zenjournalist And once you’re through it you can go and pawn yourself for the silver price of the day. Well, in any case it saves you the way to the next “holy” monk to have your infection chanted away for a hefty “donation”.

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

Coronavirus Will Finally Give Artificial Intelligence Its Moment | Gold Silver Price

The data these transactions generate is a goldmine for retailers and AI companies, allowing them to improve the algorithms that provide personalized recommendations and generate more sales.The growth in online activity also makes a compelling case for the adoption of virtual customer-service agents….International Business Machines Corporation estimates that only about 20% of companies use such AI-powered technology today….So long as companies proceed responsibly, years from now, the advances in AI catalyzed by the coronavirus crisis may be one of the silver linings we remember from 2020. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tae Kim is a Bloomberg Opinion columnist covering technology.