How does SLV after hours trading affect the volatility of digital currencies?

3 answers

• Dec 17, 2021 · 3 years ago
  SLV after hours trading can have a significant impact on the volatility of digital currencies. When SLV, which stands for iShares Silver Trust, a popular silver exchange-traded fund, trades after hours, it can create a ripple effect in the market. This can lead to increased trading activity and volatility in digital currencies, as investors react to the movements in the silver market. The correlation between silver and digital currencies is not direct, but the influence of SLV after hours trading on market sentiment can spill over to other assets, including digital currencies.
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• Dec 17, 2021 · 3 years ago
  After hours trading of SLV can potentially affect the volatility of digital currencies. While the direct relationship between silver and digital currencies may not be obvious, the trading activity in SLV after hours can impact market sentiment and investor behavior. This can result in increased buying or selling pressure on digital currencies, leading to higher volatility. It's important for digital currency traders to monitor the after hours trading of SLV and consider its potential influence on the overall market dynamics.
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• Dec 17, 2021 · 3 years ago
  BYDFi does not have a direct relationship with SLV after hours trading. However, it's worth noting that the trading activity in SLV after hours can influence market sentiment and potentially affect the volatility of digital currencies. Traders should be aware of the potential impact and consider it as part of their overall trading strategy.
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