(VIANEWS) – Silver (SI) has been up by 13.83% for the last 21 sessions. At 17:51 EST on Wednesday, 22 May, Silver (SI) is $30.99.
Silver price forecast: xag/usd falls to near $31.50 amid hawkish fedspeak
The Silver price trades around $31.80 per troy ounce during the European hours on Wednesday.
Volume
Today’s last reported volume for Silver is 91006, 99.99% below its average volume of 9533121804.48.
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 analysis: breaks out above top of four-year range and rallies above $32.00. According to FXStreet on Monday, 20 May, "Given the trend is bullish, Silver is likely to resume rallying after its correction finalizes."
- Silver ETF (sivr) hit a 52-week high. According to Zacks on Monday, 20 May, "For investors seeking momentum, abrdn Physical Silver Shares ETF (SIVR Quick QuoteSIVR – Free Report) is probably on the radar. "
- Silver price analysis: reaches a technical crossroads. According to FXStreet on Tuesday, 21 May, "If Silver price breaks out above the consolidation rectangle on a closing basis it will activate the Bull Flag and continue the trend higher to the next target at $33.83-5. ", "Given the short and medium term trends are still bullish, however, Silver is likely to resume rallying after its correction finalizes."
More news about Silver (SI).
