2024-04-17 Silver News
2024-04-16
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis
Looking at the raw time series data for the XAG exchange rate, there are several patterns observed. Initially, the exchange rate increases rapidly, reaching its highest point of 39.81367 in the third sampling period. After this, it starts to decline slowly with minor fluctuations, reaching its lowest value of 38.74467 in 2024-04-16 09:15:02. Towards the end of the period, the exchange rate begins to stabilize somewhat around 38.96.
Seasonality and Recurring Pattern Analysis
In terms of seasonality, there seems to be a daily cycle in the exchange rate, where it tends to increase in the early moments of the day, then decrease as the day progresses. This pattern is generally recurring, but there are some exceptions where the exchange rate increases again towards the end of the period. However, this requires a more sophisticated time series analysis method to confirm.
Outliers Analysis
In terms of outliers, there aren't many instances where the exchange rate differs significantly from the general trend. As noted above, there are a few periods where the exchange rate increases again after decreasing, but these do not vary greatly from the general trend. In terms of deviations from the expected seasonal pattern, these could be outliers, but as this is a financial market data, such fluctuations could be quite normal and could be influenced by multiple factors.
This analysis doesn't take into account the external factors that could affect the exchange rate, such as market opening/closing hours, weekends/holidays, or the release of key financial news, and reports. As requested, no forecast for future rates has been generated.