(VIANEWS) – Silver (SI) has been up by 11.63% for the last 21 sessions. At 02:50 EST on Saturday, 28 September, Silver (SI) is $31.92.
Volume
Today’s last reported volume for Silver is 73451, 99.99% below its average volume of 8902195027.02.
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 bounces back to near $32.00 following China stimulus plans. According to FXStreet on Thursday, 26 September, "This has weakened the US Dollar (USD), making Silver more affordable for buyers using other currencies and boosting demand for the dollar-denominated commodity.", "The non-yielding Silver gained support following last week’s substantial 50 basis point rate cut by the US Federal Reserve (Fed). "
- Silver rallies to a new high for 2024. According to FXStreet on Thursday, 26 September, "China is the largest consumer of Silver in the world so the stimulus is expected to increase demand for the commodity.", "Lower interest rates are positive for Silver because they increase the attractiveness of the non-interest bearing asset."
More news about Silver (SI).
