Silver (XAGUSD) Down $0.34 Over Past 4 Hours; Came Into Today Down For the 2nd Straight Day – CFDTrading

Silver 4 Hour Price Update

Updated November 25, 2020 01:56 AM GMT (09:56 PM EST)

Silver came into the current 4 hour candle down 1.42% ($0.34) from the open of the previous 4 hours, marking the 2nd consecutive candle a decrease has occurred. 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

Silver came into today down 1.37% ($0.32) from the open of the previous day, marking the 2nd straight day it has gone down. Relative to other instruments in the metals asset class, Silver ranked 4th since the previous day in terms of percentage price change. Let’s take a look at the daily price chart of Silver.

XAGUSD

Silver Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 6 out of the past 10 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 LawrenceLepard:

    @BradHuston Good drill story this grade could easily double or triple. My expectation. All depends upon the deposit size and silver price. There are drill stories that go to $600 mm to $1 B. I do not think that happens here. I do think 2-5 x is falling of a log in this market tape.

  • From Buy100ozSilver:

    We don’t need gold/silver price itself to increase, more important it stabilises/consolidates. At say $1800Au $22Ag and $50 oil that is plenty for quality companies to build value. Don’t care about the volatility in the equities otherwise, its just opportunity.

  • From DavidLe76335983:

    @stebottaioli China’s mfg is recovering strongly. Not only impacting copper price, but will also push silver price up.

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