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Silver Futures Jumps By 11% In The Last 21 Sessions

ViaNews Editorial Team

October 6, 2024

Silver Futures Jumps By 11% In The Last 21 Sessions
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(VIANEWS) - Silver (SI) has been up by 11.92% for the last 21 sessions. At 02:52 EST on Sunday, 6 October, Silver (SI) is $32.45.

Volume

Today's last reported volume for Silver is 85593, 99.99% below its average volume of 8862022955.81.

Volatility

Silver's last week, last month's, and last quarter's current intraday variation average was 1.24%, 0.75%, and 1.40%, respectively.

Silver's highest amplitude of average volatility was 1.24% (last week), 1.17% (last month), and 1.40% (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 stays in tight range near $32 with US NFP under spotlight. According to FXStreet on Friday, 4 October, "In today's session, the major trigger for the Silver price will be the United States (US) Nonfarm Payrolls (NFP) data for September, which will be published at 12:30 GMT. "
  • Gold and silver are max long – TDS. According to FXStreet on Friday, 4 October, "Conversely, Silver prices have a smaller margin of safety against the first selling program, but in the event that nascent signs of reflationary trends persist, Silver andbase metalsare a superior expression."

News about

  • Crude oil posts fresh monthly high as markets weigh up likelihood of fresh escalation in middle east. According to FXStreet on Friday, 4 October, "At the time of writing, Crude Oil (WTI) trades at $74.36 and Brent Crude at $78.44"

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.