Key Takeaways:
- Silver futures (SI=F) showed significant volatility with a 2.03% intraday range.
- The price fluctuated between a high of $74.43 and a low of $72.93.
- The contract closed at $72.94, down from the opening price of $73.50.
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Silver futures see 2.03% intraday swing amid market uncertainty
COMEX silver futures registered a volatile 2.03% trading range on Wednesday, as the precious metal navigated a session marked by sharp price swings.
The contract for May delivery, SI=F, reached a high of $74.43 and a low of $72.93 before closing at $72.94, according to COMEX exchange data.
The silver contract opened the session at $73.50 and ultimately closed near its session low. The day's trading volume was 11,274 contracts. The wide intraday amplitude suggests significant disagreement among traders on the metal's short-term direction.
The $73 level appears to be a key pivot for silver, with the price testing both above and below this mark during the session. Traders will be closely watching upcoming economic data for clues on inflation and potential central bank policy shifts that could impact precious metals.
This article is for informational purposes only and does not constitute investment advice.
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