(VIANEWS) – Silver (SI) has been up by 10.31% for the last 21 sessions. At 02:50 EST on Sunday, 17 March, Silver (SI) is $25.41.
Volume
Today’s last reported volume for Silver is 72751, 99.99% below its average volume of 10185799345.97.
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 rallies on bullish long-term fundamentals. According to FXStreet on Friday, 15 March, "The Silver Institute, a not-for-profit organization based in the US, has forecast robust demand for Silver in 2024, predicting it will see its second best year on record with demand rising to 1.2 billion ounces.", "Such a breakout would probably see Silver rally to between around $29.50, if using the 0.618 Fibonacci ratio of the range, or just shy of $32.00 if extrapolating the full height of the range higher."
News about
- Crude oil forecast: poised for breakout move – 15 March 2024. According to DailyForex on Friday, 15 March, "The West Texas Intermediate Crude Oil market looks very strong at the moment, and it certainly looks as if we could go much higher. "
- According to FXStreet on Friday, 15 March, "This is expected to hamper economic activity and dent fuel demand, which, along with concerns about a slowdown in China, acts as a headwind for Crude Oil prices. ", "West Texas Intermediate (WTI) US Crude Oil prices oscillate in a narrow range, just above mid-$80.00s during the Asian session on Friday and remain well within the striking distance of the highest level since November 6 touched the previous day."
- Crude oil holds steady on the high side on Friday, WTI buoyed above $80.00. According to FXStreet on Friday, 15 March, "The International Energy Agency (IEA) recently adjusted its forecasts, calling for a global Crude Oil deficit assuming the Organization of the Petroleum Exporting Countries (OPEC) maintains its current voluntary production caps. ", "OPEC will meet next on June 1 to discuss output levels for the second half of 2024, and investors are broadly anticipating the Crude Oil cartel to continue squeezing quotas as tight as possible as Saudi Arabia pushes to keep barrel prices bolstered."
More news about Silver (SI).
