(VIANEWS) – Silver (SI) has been up by 9.88% for the last 21 sessions. At 05:50 EST on Monday, 18 March, Silver (SI) is $25.31.
Volume
Today’s last reported volume for Silver is 14177, 99.99% below its average volume of 10154199162.59.
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).
News about
- WTI crude oil weekly forecast: higher sustained prices developing strength – 17 March 2024. According to DailyForex on Sunday, 17 March, "The bullish trend in Crude Oil since early this February has seen rather sustained momentum and support levels have risen. ", "Short-term speculators should not get overly ambitious, and if they are looking for higher values they should strongly consider using take profit orders to cash out winnings before they vanish if reversals lower suddenly flourish.WTI Crude Oil Weekly Outlook:Speculative price range for WTI Crude Oil is 78.600 to 83.700"
- According to FXStreet on Monday, 18 March, "This comes after OPEC+ members decided to extend the production cuts of 2.2 million barrels per day through the second quarter and fueled concerns about a tight global supply, which, in turn, is seen acting as a tailwind for Crude Oil prices.", "Nevertheless, the aforementioned fundamental backdrop favours bullish traders and suggests that the path of least resistance for Crude Oil prices remains to the upside. "
More news about Silver (SI).
