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Silver Futures Jumps By 9% In The Last 21 Sessions

ViaNews Editorial Team

September 1, 2024

Silver Futures Jumps By 9% In The Last 21 Sessions
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(VIANEWS) - Silver (SI) has been up by 9.37% for the last 21 sessions. At 05:50 EST on Sunday, 1 September, Silver (SI) is $29.25.

Volume

Today's last reported volume for Silver is 58194, 99.99% below its average volume of 9066592562.71.

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 to near $29.50 due to lower opportunity cost. According to FXStreet on Friday, 30 August, "Non-yielding Silver is benefiting from a lower opportunity cost as expectations grow for a US Federal Reserve interest rate cut in September."
  • Silver price forecast: xag/usd consolidates below $30 as US PCE inflation looms large. According to FXStreet on Friday, 30 August, "August 26 high of $30.20 will be the major resistance for the Silver price bulls."

More news about Silver (SI).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.