Metals News
Last Updated March 10, 2021 at 2:50 GMT
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.
Trend News
Over the past two weeks, the strongest trend has been on Platinum. Alternatively, on a 90 day basis, the strongest trend appears on Platinum. Interestingly, a countertrend appears on the 14 day relative to the 90 day timeframe appears for Platinum. Trading against the 14 day trend in favor of the 90 day trend may be an opportunity some traders would favor on these pairs.Moving Averages In The Metals World
Pairs that crossed notable moving average levels include Copper, Platinum and Silver; they crossed their 20, 50 and 100 day moving averages, respectively. From the perspective of the alignment of moving averages — meaning where moving averages are ordered by their duration — we see that Platinum has perhaps the strongest trend. See the chart below.