Silver 4 Hour Price Update

Updated August 14, 2020 07:18 AM GMT (03:18 AM EST)

Silver closed the last 4 hour candle up 8.06% ($2.06); this denotes the 2nd consecutive candle it has gone up. On a relative basis, the current 4 hour candle were pretty good: Silver bested all 5 of the assets in the metals class

Silver Daily Price Recap

Silver closed the day prior up 8.06% ($2.06); this denotes the 2nd consecutive day an increase has occurred. Silver outperformed all 5 assets in the metals asset class since the day prior. Congrats to its holders! Here is a daily price chart of Silver.

Silver Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 7 out of the past 10 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 SRSroccoReport:
  

  Probably Partially responsible for the Gold & Silver Price sell-off to such a large degree:1) SMM: CME said on Tuesday that it raised the initial margin of the COMEX gold futures contract by 6.9% to US $10230 per hand and currently stands at US $9570 per hand.

• From Tyrone15232018:
  

  @PWildhagen @jameshenryand @SilverDoctors @sdbullion The drop in silver price was due to JPM DUMPING alot of silver derivatives onto the market using a market call. That is fact. Btw, that is in your face market rigging. Period.

• From robbo0411:
  

  @CruxInvestor @MaverixMetals I think Maverix has an underestimated leverage to silver. Their $20 million streaming deal with Northern Vertex was superbly timed in light of the recent silver price appreciation which is likely to continue.

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

Gold Charts R Us .:.Silver.:.PGMs.:.

Gold Market Data lets you buy almost any of the underlying data that is presented in Nick’s charts….GOLD MARKET DATA GOLD MARKET DATA presents Nick Laird’s unique and extensive range of historical data.

The post Silver (XAGUSD) Up $2.06 On 4 Hour Chart, And A Link About Nick Laird; in an Uptrend Over Past 30 Days appeared first on CFDTrading.