The instruments in the metals asset class that made the biggest moves, on a percentage basis, over the past day were Silver, Platinum, and Gold. The chart below illustrates. None of the moves in the past day were especially noteworthy in terms of their size relative to their volatility over the past 30 days.
On a 90 day basis, the strongest trend appears on Copper.
Moving Averages In The Metals World
For those who pay attention to moving averages, Silver may be of particular interest. It crossed its 20 and 200 day moving averages. From the perspective of the alignment of moving averages — meaning where moving averages are ordered by their duration — we see that Copper has perhaps the strongest trend. See the chart below.
Lastly, the instrument Silver is close to its 200 day moving average.