(VIANEWS) – Silver (SI) has been up by 8.76% for the last 21 sessions. At 23:54 EST on Thursday, 6 June, Silver (SI) is $31.36.
Volume
Today’s last reported volume for Silver is 12979, 99.99% below its average volume of 9369385837.57.
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 trades around $29.50 nearing three-week lows. According to FXStreet on Wednesday, 5 June, "This upward correction in Silver prices is likely due to increasing speculation that the Federal Reserve (Fed) will begin reducing interest rates starting from the September meeting, following a series of weak US economic data."
- Silver price analysis: break below $29.38 would confirm bearish tendancies. According to FXStreet on Thursday, 6 June, "The break was not sustained, however, as Silver then promptly reversed, broke back up above the level and back into the mid $30s.", "Such a break might lead Silver to stretch up to the next target at $35.30 (October 2012 high)."
News about
- Crude oil attempts to shrug off supplies buildup, WTI claws back to $74. According to FXStreet on Wednesday, 5 June, "West Texas Intermediate (WTI) US Crude Oil is grinding higher on Wednesday as energy markets attempt to shrug off another buildup in US Crude Oil stocks. ", "The Organization of the Petroleum Exporting Countries (OPEC) and its extended group of non-member ally states, OPEC+, cautioned this week that the global oil cartel is set to phasing out voluntary production cuts as Crude Oil producers grow frustrated at OPEC’s inability to engineer broad-market support for barrel prices."
- According to FXStreet on Thursday, 6 June, "The upside of Oil prices could be limited as the US Energy Information Administration (EIA) Crude Oil Stocks Change showed that crude Oil inventories increased by 1.233 million barrels in the week ending May 31. "
- According to FXStreet on Thursday, 6 June, "At the time of writing, Crude Oil (WTI) trades at $74.23 and Brent Crude at $78.60"
- Crude oil extends recovery, WTI tests $75.50. According to FXStreet on Thursday, 6 June, "WTI has extended into a two-day recovery, climbing from a near-term bottom of $72.45, but US Crude Oil remains steeply off of recent levels, trading on the low side of the 200-day Exponential Moving Average (EMA) at $78.78.", "US Crude Oil bulls are aiming to drag WTI bids back into a recent consolidation zone around the $78.00 handle, though an exhaustion play could be on the cards with the 50-day EMA declining through the long-term MA."
More news about Silver (SI).
