Silver Futures Bearish Momentum With A 6% Slide In The Last 10 Sessions

(VIANEWS) – Silver (SI) has been up by 6.98% for the last 10 sessions. At 19:50 EST on Monday, 6 February, Silver (SI) is $22.33.

Volume

Today’s last reported volume for Silver is 466, 99.99% below its average volume of 14854905741.18.

Volatility

Silver’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.23%, a positive 0.63%, and a positive 1.80%, respectively.

Silver’s highest amplitude of average volatility was 0.99% (last week), 1.30% (last month), and 1.80% (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).

Previous days news about Silver (SI)

  • Silver price analysis: xag/usd bounces off $22.30-25 support confluence. According to FXStreet on Monday, 6 February, "Alternatively, a downside break of the $22.30-25 support confluence has another chance of pushing back the Silver bears in the form of the 200-EMA, close to $21.95 by the press time.", "Adding strength to the recovery moves is the downbeat RSI (14) that challenges Silver bears."

More news about Silver (SI).

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