Silver (XAGUSD) Down $0.01 On 4 Hour Chart, Came Into Today Down For the 2nd Day In A Row; in a Downtrend Over Past 30 Days – CFDTrading

Silver 4 Hour Price Update

Updated October 14, 2020 03:16 AM GMT (11:16 PM EST)

Silver is down 3.74% ($0.94) since the last 4 hour candle, marking the 2nd straight candle a decline has happened. Those trading within the metals asset class should know that Silver was the worst performer in the class the current 4 hour candle.

Silver Daily Price Recap

Silver came into today down 3.74% ($0.94) from the open of yesterday, marking the 2nd day in a row it has gone down. Those trading within the metals asset class should know that Silver was the worst performer in the class today. Here is a daily price chart of Silver.

XAGUSD

Silver Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Silver crossed below 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 down. For additional context, note that price has gone up 7 out of the past 14 days.

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 VincentCapital:

    @CarlCapolingua $KCN has 90 million ounces of high grade silver at their fully permitted construction ready Neuva Esperanza Chile project On-top of the 30 million ounces still left in Thailand. It’s going to go bezerk with a rising silver price.

  • From ContrarianZone:

    Fact, a stock like $AG with intrinsic real value tend to surprise to upside when ignored. Also attention span for negative news cycle dissipates far faster than most people realize. Valuations reflecting underlying #SILVER price will overcome current malaise.

  • From Itsjoeyduhh:

    So $silver price reset is tomorrow. Although I’m doubtful a $60 minimum price will be set, that would be so damn funny if it did. It would confirm a lot of our suspicions with “the great reset”.

For a longer news piece related to XAGUSD that’s been generating discussion, check out:

Gold price falls after 3 days; silver rates at Rs 62,500

Gold, Silver prices today: Gold price eased today overseas amid a slight rebound in dollar, although losses were capped as investors clung to renewed hopes of coronavirus relief package in the US Gold, Silver prices in India on October 13: Gold price fell on Tuesday after rising consecutively for three sessions following weak global cues….Gold price eased today overseas amid a slight rebound in dollar, although losses were capped as investors clung to renewed hopes of coronavirus relief package in the US.

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