Silver Futures Bullish Momentum With A 2% Rise In The Last 5 Sessions

(VIANEWS) – Silver (SI) has been up by 2.31% for the last 5 sessions. At 07:50 EST on Wednesday, 22 February, Silver (SI) is $21.95.

Volume

Today’s last reported volume for Silver is 10502, 99.99% below its average volume of 14418639426.14.

Volatility

Silver’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.25%, a positive 0.18%, and a positive 1.66%, respectively.

Silver’s highest amplitude of average volatility was 0.78% (last week), 1.14% (last month), and 1.66% (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 tumbles below $21.60 as USD index recovers amid geopolitical tensions. According to FXStreet on Monday, 20 February, "The 20-period Exponential Moving Average (EMA) at $21.57 is providing support to the Silver asset."
  • Silver price analysis: xag/usd extends pullback from 200-hma below $22.00. According to FXStreet on Tuesday, 21 February, "However, the monthly low near $21.20 and the 61.8% Fibonacci Expansion (FE) of the metal’s moves from February 09 to 20, around the $21.00 threshold, could challenge the Silver bears.", "Following that, the $22.00 round figure will precede the 61.8% Fibonacci retracement level, also known as the gold Fibonacci ratio, could challenge the Silver buyers around $22.05."

More news about Silver (SI).

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