Silver 4 Hour Price Update
Updated December 25, 2020 01:58 AM GMT (09:58 PM EST)
Silver came into the current 4 hour candle up 0.02% ($0.01) from the open of the previous 4 hours, marking the 2nd consecutive candle it has gone up. Out of the 5 instruments in the metals asset class, Silver ended up ranking 3rd for the four-hour candle in terms of price change relative to the previous 4 hours.
Silver Daily Price Recap
Silver closed the previous day up 1.21% ($0.31); this denotes the 2nd consecutive day it has gone up. On a relative basis, today was pretty good: Silver bested all 5 of the assets in the metals class 🙂 Below is a daily price chart of Silver.
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 9 of the previous 14 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Silver:
- From Iam_MrPai:
Remember, as and when there is a US stimulus. It means that money circulation (in a quantity sense) is increasing. This will put downward pressure on the dollar. Inflation has to rise at some point.Weak dollar signs for a stronger Gold and Silver price.
- From SilverPlusGold:
A sleeping giant is awakening: The low #silver price in early 1970’s, was approx.$1.65/ounce. Thirty times that figure is $49.50/ounce. I remember trading silver at $50.00/oz. Jan. 1980. This March’s low was $12.00. $12.00 times 30 comes to $360.00/ounce. #Silver awakens. $SILJ
- From silverquote:
Hong Kong #Silver #Price Morning Session Close: $25.73 USD per oz 2020-12-24 12:30:18 HKT
As for a news story related to Silver getting some buzz:
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