2024-04-18 Silver News
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2024-04-17
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 of Exchange Rates
To simplify the interpretation of the trend, we only consider hourly data points. From the dataset provided, it is apparent that the exchange rates for XAG have experienced fluctuations from the beginning (38.98635) to the end of the period (39.0564).
From a broad perspective, the exchange rates seem to have increased moderately over the entire period. This can be seen as the final exchange rate (39.0564) is greater than the initial exchange rate (38.98635).
Seasonality and Recurring Patterns
Observing the XAG exchange rate data suggests some level of seasonality, yet no clear pattern. While there appears to be minor fluctuations with repetition, no distinctive cyclical pattern can be discerned.
The trade in the financial market can often display daily recurring patterns because of the open and close hours of the market. At this level of granularity, however, it is difficult to identify specific times of the day that might have a higher propensity for rate changes.
Outliers in the Exchange Rates
Regarding outliers, these are instances in the dataset where values significantly differ from the overall trend. A detailed statistical analysis, such as calculating standard deviations from the mean or quartile analysis, would provide a more definitive understanding of any present outliers.
Without more advanced statistical examination, we could consider the data points with the largest and smallest values as potential outliers. In this dataset, the highest exchange rate is 39.65579 and the lowest is 38.77322. If these values significantly differ from the rest of the dataset, they could be treated as outliers.
Please note that a more detailed analysis, considering other factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports, might give a more comprehensive understanding of the dataset.
 alt="amatic Rise and Fall: XAG Exchange Rate Navigates Volatile Waters
One of the most riveting dramas in the financial markets unfolded in the exchange rate of XAG on April 17, 2024. The day started with a normal reaction pattern, but as the hours wore on, the silver-based currency took on a roller coaster ride like none other.
The value of XAG displayed a typical behavior in the early trading hours, gradually escalating from 38.98635, slightly past midnight, to reach 39.43840 by 4:25 AM. But the market peace was not long-lasting. At around 8:40 AM, a sudden surge shocked the market as the rate rocketed up to 39.64478, shaking investors to their core. The steep rise was not sustainable, and within an hour, the rate began to tumble, descending to 39.57731 by 9:55 AM.
Suppose we dissect the day based on seasonal factors. We observe the peak occurring in the morning trading hours, especially when European markets open. Shortly after the peak, there is an evident decrease in the XAG rate, heightening the need for caution among investors.
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