(VIANEWS) – Silver (SI) has been up by 3.02% for the last 5 sessions. At 11:50 EST on Tuesday, 15 October, Silver (SI) is $31.70.
Volume
Today’s last reported volume for Silver is 42387, 99.99% below its average volume of 8720356990.38.
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 rises toward $31.50 due to escalating geopolitical tensions. According to FXStreet on Monday, 14 October, "Non-yielding assets like Silver may have received support from rising expectations that the Federal Reserve (Fed) will slow the pace of interest rate cuts more than previously anticipated. ", "Lower interest rates make Silver more attractive to investors seeking higher returns, as the opportunity cost of holding non-yielding assets decreases."
News about
- Crude oil slides away from $75.00 after OPEC reports gets bearish. According to FXStreet on Monday, 14 October, "At the time of writing, Crude Oil (WTI) trades at $73.43and Brent Crude at $77.24"
- According to FXStreet on Tuesday, 15 October, "This leads to a further decline in Crude Oil prices, which undermines the commodity-linked Loonie and lends additional support to the USD/CAD pair."
- Crude oil nosedives after IEA says oversupply still continues. According to FXStreet on Tuesday, 15 October, "At the time of writing, Crude Oil (WTI) trades at $70.12 and Brent Crude at $74.09", "There is a challenging path to recovery if Crude Oil wants to get back to $75.00. "
More news about Silver (SI).
