(VIANEWS) – Silver (SI) has been up by 13.14% for the last 21 sessions. At 20:51 EST on Wednesday, 7 August, Silver (SI) is $26.77.
Volume
Today’s last reported volume for Silver is 2167, 99.99% below its average volume of 9041546393.05.
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 remains tepid near $27.00 due to diminished safe-haven appeal. According to FXStreet on Tuesday, 6 August, "However, the downside of non-yielding metals like Silver could be restrained due to the expectation of a 50-basis point (bps) interest rate cut by the US Federal Reserve (Fed) in September. "
- Silver price forecast: xag/usd declines below $27 as demand concerns escalate. According to FXStreet on Tuesday, 6 August, "On the downside, the horizontal line plotted from May 2 low near $26.00 will bekey support for the Silver price bulls.", "Meanwhile, higher bond yields and a decent recovery in the US Dollar (USD) have also weighed on the Silver price. "
News about
- According to FXStreet on Wednesday, 7 August, "The American Petroleum Institute (API) reported an increase of 0.18 million barrels in the Weekly Crude Oil Stock for the week ending August 2, falling short of the expected 0.85 million barrels. ", "Additionally, the US Energy Information Administration is set to release its Crude Oil Stocks Change report later in the North American session."
- According to FXStreet on Tuesday, 6 August, "This is expected to dent fuel demand and drags Crude Oil prices lower for the fourth straight day, which, in turn, is seen undermining demand for the commodity-linked Loonie. ", "Furthermore, the risk of a broader Middle East conflict continues to fuel concerns about supply disruptions from the key Oil producing region and could help limit losses for Crude Oil prices. "
- According to FXStreet on Tuesday, 6 August, "This, in turn, is holding back traders from placing aggressive bullish bets around Crude Oil prices and keeping a lid on any meaningful appreciating move.", "Apart from this, subdued US Dollar (USD) price action, amid rising bets for a bigger interest rate cut by the Federal Reserve (Fed), turn out to be key factors acting as a tailwind for Crude Oil prices."
More news about Silver (SI).
