SILVER Volatility Forecast 7-11 November 2022

SILVER Volatility Forecast 7-11 November 2022

We can see that this week our volatility is at 4.08% which declined from 4.55% last week.
Currently according to ATR we are on 26th percentile, and according to SILVER IV we are on 42th percentile, indicating in both cases, that we are currently is stable market.

Now, based on the implied volatility data that we have for this week, lets look into further details.
We can see that currently there is 32.3% chance, that our candle is going to close at the end of the week either above/below the next channel
TOP: 21.8
BOT: 19.9
This can also be translated as a 67.7% chance that the market is going to move within this established range.


At the same, looking at the previous high/low values of the candle, and taking into account the entire history available of data, we can expect that there is going to be a
70% chance that we are going to touch the previous high of 20.9
30% chance that we are going to touch the previous low of 18.8