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Silver Futures Bullish Momentum With A 2% Rise In The Last 5 Sessions

ViaNews Editorial Team

February 22, 2023

Silver Futures Bullish Momentum With A 2% Rise In The Last 5 Sessions
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(VIANEWS) - Silver (SI) has been up by 2.31% for the last 5 sessions. At 07:50 EST on Wednesday, 22 February, Silver (SI) is $21.95.

Volume

Today's last reported volume for Silver is 10502, 99.99% below its average volume of 14418639426.14.

Volatility

Silver's last week, last month's, and last quarter's current intraday variation average was a negative 0.25%, a positive 0.18%, and a positive 1.66%, respectively.

Silver's highest amplitude of average volatility was 0.78% (last week), 1.14% (last month), and 1.66% (last quarter), respectively.

Commodity Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Silver's commodity is considered to be oversold (<=20).

Previous days news about Silver (SI)

  • Silver price forecast: xag/usd tumbles below $21.60 as USD index recovers amid geopolitical tensions. According to FXStreet on Monday, 20 February, "The 20-period Exponential Moving Average (EMA) at $21.57 is providing support to the Silver asset."
  • Silver price analysis: xag/usd extends pullback from 200-hma below $22.00. According to FXStreet on Tuesday, 21 February, "However, the monthly low near $21.20 and the 61.8% Fibonacci Expansion (FE) of the metal's moves from February 09 to 20, around the $21.00 threshold, could challenge the Silver bears.", "Following that, the $22.00 round figure will precede the 61.8% Fibonacci retracement level, also known as the gold Fibonacci ratio, could challenge the Silver buyers around $22.05."

More news about Silver (SI).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.