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iNVEZZ.com reported that yesterday silver recorded its largest single-day gain in nearly two weeks. Since then, the white metal “has been holdings its gains” amidst Ukraine-related tension.
iNVEZZ.com reported that yesterday silver recorded its largest single-day gain in nearly two weeks. Since then, the white metal “has been holdings its gains” amidst Ukraine-related tension.
As quoted in the market news:
On the New York Mercantile Exchange (NYMEX), silver futures for September settlement were up more than five cents a troy ounce to $20.08 as of 06:56 BST. They climbed 1.2 percent yesterday – their biggest daily increase since July 25 – to close at $20.02, above their 100-day simple moving average (SMA). The price’s 50-day SMA climbed above the 200-day SMA, in what is known as a ‘golden cross’, which is interpreted as a bullish signal by some technical analysts. Silver’s 14-day relative-strength index stood at 40.10, below its neutral level of 50. Should silver finish higher today, it would be its longest winning streak since the three days ended July 2.