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

(VIANEWS) – Silver (SI) has been up by 2.43% for the last 5 sessions. At 01:52 EST on Tuesday, 20 February, Silver (SI) is $23.00.

Volume

Today’s last reported volume for Silver is 47754, 99.99% below its average volume of 10325036183.15.

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).

News about

  • WTI crude oil weekly forecast: speculative values remain near mid-term highs – 18 February 2024. According to DailyForex on Sunday, 18 February, "S markets are on holiday tomorrow, WTI Crude Oil futures trading be extremely light until Tuesday.", "But before traders assume the reason for WTI Crude Oil trading within sight of mid-term highs is due to Middle East tensions increasing, traders should consider the fact that Middle East tensions have been high since the 7th of October. "
  • Crude oil tests the high end as geopolitical concerns weigh, keeping energy prices pinned. According to FXStreet on Monday, 19 February, "WTI US Crude Oil remands bid into near-term highs, testing $78.00 and bolstered above the 200-hour Simple Moving Average (SMA) near $76.60.", "WTI Crude Oil prices have seen a choppy, halting recovery after hitting a low of $67.97 in December, and WTI is still down nearly 17% from last September’s peak bids near $94.00 per barrel."

More news about Silver (SI).

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