(VIANEWS) – Silver (SI) has been up by 9.31% for the last 10 sessions. At 05:52 EST on Friday, 26 July, Silver (SI) is $27.92.
Volume
Today’s last reported volume for Silver is 19154, 99.99% below its average volume of 9033228014.98.
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 holds position above $29.00 ahead of US PMI data. According to FXStreet on Wednesday, 24 July, "The safe-haven assets like Silver could lose some demand from the increased optimism surrounding potential ceasefire negotiations between Israel and Hamas. "
- Silver price analysis: break below key support is a bearish development. According to FXStreet on Thursday, 25 July, "The precious metal had been rising in what looked like a Measured Move (MM) pattern, with a C wave that extended substantially higher towards a target in the mid-$34s, however, after rallying up to a peak at $31.76, Silver capitulated and came tumbling down.", "The Relative Strength Index (RSI) momentum indicator is not yet oversold suggesting Silver has more scope to fall."
News about
- According to FXStreet on Friday, 26 July, "The stronger-than-expected US Gross Domestic Product (GDP) print released on Thursday raised hopes for increasing demand in the world’s largest fuel consumer and turned out to be a key factor acting as a tailwind for Crude Oil prices. ", "The crucial inflation data should influence the Fed’s rate-cut path, which will drive the USD demand and determine the next leg of a directional move for Crude Oil prices, which, so far, has been showing some resilience below the key 200-day Simple Moving Average (SMA)."
- According to FXStreet on Wednesday, 24 July, "On Tuesday, the American Petroleum Institute (API) reported a drop of 3.9 million barrels in Weekly Crude Oil Stock for the week ending July 19, exceeding market expectations of a 2.47 million-barrel decrease. ", "The US Energy Information Administration’s (EIA) Crude Oil Stocks Change report, scheduled for Wednesday, is anticipated to show a 0.7 million-barrel increase for the same period."
- According to FXStreet on Wednesday, 24 July, "On Tuesday, the American Petroleum Institute (API) reported a drop of 3.9 million barrels in Weekly Crude Oil Stock for the week ending July 19, exceeding market expectations of a 2.47 million-barrel decrease. ", "The US Energy Information Administration’s (EIA) Crude Oil Stocks Change report, scheduled for Wednesday, is anticipated to show a 0.7 million-barrel increase for the same period."
More news about Silver (SI).
