(VIANEWS) – Silver (SI) has been up by 10.31% for the last 21 sessions. At 17:50 EST on Sunday, 17 March, Silver (SI) is $25.41.
Volume
Today’s last reported volume for Silver is 72751, 99.99% below its average volume of 10185799345.97.
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 rallies on bullish long-term fundamentals. According to FXStreet on Friday, 15 March, "Recent higher-than-expected inflation data from the US has failed to dissuade Silver bulls, despite the data pointing to further delays before the Federal Reserve pushes the button on cutting interest-rates. ", "The Silver Institute, a not-for-profit organization based in the US, has forecast robust demand for Silver in 2024, predicting it will see its second best year on record with demand rising to 1.2 billion ounces."
News about
- WTI crude oil weekly forecast: higher sustained prices developing strength – 17 March 2024. According to DailyForex on Sunday, 17 March, "Short-term speculators should not get overly ambitious, and if they are looking for higher values they should strongly consider using take profit orders to cash out winnings before they vanish if reversals lower suddenly flourish.WTI Crude Oil Weekly Outlook:Speculative price range for WTI Crude Oil is 78.600 to 83.700", "If WTI Crude Oil continues to trade closer to 81.000 USD early this week, instead of moving back towards the 80.000 mark this could be a bullish signal."
- According to FXStreet on Friday, 15 March, "This comes after OPEC+ members decided to extend the production cuts of 2.2 million barrels per day through the second quarter and support prospects for a further appreciating move for Crude Oil prices. ", "West Texas Intermediate (WTI) US Crude Oil prices oscillate in a narrow range, just above mid-$80.00s during the Asian session on Friday and remain well within the striking distance of the highest level since November 6 touched the previous day."
- Crude oil holds steady on the high side on Friday, WTI buoyed above $80.00. According to FXStreet on Friday, 15 March, "The EIA’s Crude Oil Stocks Change for the same period showed a 1.536 million barrel decline, missing the forecast buidup of 1.338 million barrels and wiping out the previous week’s 1.367 million barrel increase.", "West Texas Intermediate (WTI) US Crude Oil was pinned north of $80.00 per barrel on Friday as energy markets continued to price in expectations of a widening gap between global Crude Oil output and a forecast uptick in global Crude Oil demand through the rest of 2024 and into 2025."
More news about Silver (SI).
