(VIANEWS) – Silver (SI) has been up by 7.85% for the last 21 sessions. At 08:50 EST on Sunday, 4 August, Silver (SI) is $28.69.
Volume
Today’s last reported volume for Silver is 97008, 99.99% below its average volume of 9237176328.69.
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 rises to near $29.00 ahead of US NFP. According to FXStreet on Friday, 2 August, "This situation could negatively impact Silver demand, as the precious metal is crucial in various industrial applications, including electronics, solar panels, and automotive components."
- Silver etfs in higher demand again recently – commerzbank. According to FXStreet on Friday, 2 August, "The price of Silver is still a long way off the multi-year high recorded in May, Commerzbank’s commodity analyst Carsten Fritsch notes.", "According to Bloomberg data, Silver ETFs have seen strong inflows since mid-July. "
- Silver price analysis: xag/usd hovers around opening price, flatline. According to FXStreet on Friday, 2 August, "If Silver closes above the 100-DMA at $28.69, that could sponsor a rally toward $29.00 in the upcoming week, followed by the $29.50 mark, which capped prices from July 22 to 24, before collapsing.", "Further losses hover underneath that level and push Silver to test the July 29 bottom at $27.31, ahead of dropping to the 200-DMA at $26.00."
More news about Silver (SI).
