Nickel Volatility Slides to Lowest Levels in 10 Years

Bloomberg reported that price swings in nickel have slid to the lowest levels in ten years, a sign that the increasing supplies and a slower Chinese economy have discouraged investors from the market after years of high returns.

As quoted in the market news:

The 100-day historical volatility in LME three-month zinc fell to 18.8 percent, the lowest since October 2003. The gauge advanced to as much as from as 60.9 percent in November 2008. That of nickel dropped to 21.5 percent on Feb. 15, the lowest in at least 10 years.

Click here to read the full Bloomberg report.