Silver (XAGUSD) Up $0 On 4 Hour Chart, Makes Big Move Relative to Two Week Trend; Entered Today Up 0.73%

Silver 4 Hour Price Update

Updated February 22, 2021 01:58 AM GMT (09:58 PM EST)

Silver entered the current 4 hour candle at $27.264, up 0.01% ($0) from the previous 4 hours. Relative to other instruments in the metals asset class, Silver ranked 4th since the previous 4 hours in terms of percentage price change.

Silver Daily Price Recap

The back and forth price flow continues for Silver, which started today off at 27.2118 US dollars, up 0.73% ($0.2) from the previous day. Out of the 5 instruments in the metals asset class, Silver ended up ranking 3rd for the day in terms of price change relative to the previous day. Below is a daily price chart of Silver.

XAGUSD

Silver Technical Analysis

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 down 5 of the previous 10 trading days. Also, candlestick traders! Note we see pin bar 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 Boulugre:

    @Galactic_Trader @TheLastDegree His move on bitcoin showed that he bought before pumping.
    I don’t think he is only thinking about it. I am ready to bet Tesla has already secured large quantity of silver recently. But as a long term silver consumer he doesn’t have any interest in high silver price

  • From MoneyIsMyParty:

    Appreciate all the follows my fellow #Silver friends! All we want is free markets and fair for as many participants as possible. I’m a firm believer that once we can break the PAPER SILVER price we can begin to get back to an actual free market.No hate, just want freedom.

  • From BullionStar:

    @Galactic_Trader FT article is either clueless or deliberately skewed. No mention of the ongoing huge physical demand. No mention of ETFs accounting for nearly all silver held in London LBMA vaults. No mention of SLV prospectus change. No mention of bullion bank attacks on COMEX silver price, etc

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

Silver Price Not Reflecting Market Activity

– The silver price in 2021
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