Provided is a candle with a simulated flame. A housing is formed from wax and defines an interior space. A ceiling of the housing includes a depression with a perimeter wall formed from the wax that extends downward, into the depression to a depression floor. A flame member is pivotally supported above the depression floor, and includes a flame region having a shape resembling a flame silhouette that and a lower region that is suspended from the base. A flame support is provided to the depression floor that pivotally supports the base of the flame member externally of the interior space and the housing. A light is provided and, when operated, emits light onto the flame region while a driver generates an electromagnetic field that interacts with the lower region within the interior space tocause pivotal movement of the flame member on the flame support.