Silver futures swing 4.05% intraday to settle at $64.82 on June 21

Silver futures posted a 4.05% intraday range on June 21, swinging from $63.35 to $65.94 before settling at $64.82.

The session's amplitude of $2.59 marked one of the widest trading bands for the precious metal in recent weeks, according to exchange data from the futures market. The range exceeded the average daily volatility seen over the prior month, indicating heightened trading activity.

The contract opened at $63.85 and climbed to a high of $65.94 before dipping to a low of $63.35. Volume reached 20,143 contracts. The close at $64.82 represented a 1.52% gain from the opening price, with the metal trading above the $64 level for the first time in the session. The high of $65.94 was the session's peak, while the low of $63.35 tested support near the $63 level before buyers stepped in.

Silver's heightened intraday volatility comes as traders assess demand from industrial applications against broader macroeconomic signals. The metal's price action compares with gold, which typically exhibits narrower daily ranges relative to its price level. Silver at $64.82 remains well below its all-time high above $49 per ounce set in 2011, reflecting the metal's historically higher volatility profile compared to gold. The wide trading range on June 21 suggests uncertainty among market participants about the near-term direction for precious metals. The next major event for directional movement will be upcoming US economic data releases that could influence the dollar and precious metals demand.

This article is for informational purposes only and does not constitute investment advice.