Is silver above its 200-day moving average?
Silver is currently below its 200-day simple moving average, by 3.23%. The average sits at R36.74 per gram, against a current price of R35.56.
The detail
The 200-day moving average is the most widely watched long-term trend line in any market, which is part of why it matters — a great many participants are looking at the same line.
Price above it is conventionally treated as a long-term uptrend and below it as a downtrend. It says nothing about how far a move might go, only which side of its own year-long average the price is on.
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