Silver Futures Bearish Momentum With A 12% Slide In The Last 21 Sessions

(VIANEWS) – Silver (SI) has been up by 12.73% for the last 21 sessions. At 01:50 EST on Sunday, 26 February, Silver (SI) is $20.74.

Volume

Today’s last reported volume for Silver is 53148, 99.99% below its average volume of 14655363250.68.

Volatility

Silver’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.11%, a negative 0.05%, and a positive 1.55%, respectively.

Silver’s highest amplitude of average volatility was 0.94% (last week), 0.92% (last month), and 1.55% (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 overbought (>=80).

News about

  • According to FXStreet on Friday, 24 February, "Apart from this, an intraday pullback in Crude Oil prices undermines the commodity-linked Loonie and acts as a tailwind for the USD/CAD pair."
  • WTI crude oil forecast: continues to chop back and forth – 24 February 2023. According to DailyForex on Friday, 24 February, "On the other hand, the $72.50 level is providing crucial support for the WTI Crude Oil market at present. ", "Nevertheless, it is worth noting that WTI Crude Oil is the preferred oil grade in the US, and the Strategic Petroleum Reserve must be refilled, which may provide some support to the market. "

More news about Silver (SI).

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