(VIANEWS) – Silver (SI) has been up by 11.63% for the last 21 sessions. At 17:50 EST on Saturday, 28 September, Silver (SI) is $31.92.
Volume
Today’s last reported volume for Silver is 73451, 99.99% below its average volume of 8902195027.02.
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 bounces back to near $32.00 following China stimulus plans. According to FXStreet on Thursday, 26 September, "The safe-haven Silver also receives support from rising tensions in the Middle East. ", "This has weakened the US Dollar (USD), making Silver more affordable for buyers using other currencies and boosting demand for the dollar-denominated commodity."
- Silver rallies to a new high for 2024. According to FXStreet on Thursday, 26 September, "China is the largest consumer of Silver in the world so the stimulus is expected to increase demand for the commodity.", "Lower interest rates are positive for Silver because they increase the attractiveness of the non-interest bearing asset."
News about
- Crude oil set for weekly loss on waning worries about supply. According to FXStreet on Friday, 27 September, "At the time of writing, Crude Oil (WTI) trades at $67.63and Brent Crude at $71.02"
- Crude oil nosedives after rumours Saudi Arabia is set to abandon price target. According to FXStreet on Thursday, 26 September, "At the time of writing, Crude Oil (WTI) trades at $67.45and Brent Crude at $70.92."
More news about Silver (SI).
