Take a look at the following etfs that showed higher volumes than usual: iShares Silver Trust, SPDR Gold Shares, iShares Gold Trust.
A quick recap of where the last trading session ended: Leading equity indices in the US declined as Dow Jones shed 0.42% and closed at 33,900. Nasdaq closed at 12,123, a 0.35% change.
Why Trading Volume Matters
Trading volume is simply the total number of shares traded including both buy and sell orders. If a stock has appreciated on high volume, it is more likely to be a sustained move compared to an appreciation with low volume. Typically, high volume trading sessions are considered significant occurrences and closely watched by traders.
Though trading was down Friday, some etfs reached high volumes. Here is an update.
The past 6 months have been positive for iShares Silver Trust as it appreciated 35.27%, having traded as low as $16.38. The fund has been trending positively for about a month.
SPDR Gold Shares is up 25.45% from the significant low of $151.23 it hit 6 months ago. The fund has been trending positively for about a month.
IShares Gold Trust is now trading 25.57% above the significant low ($30.82) it slumped to 6 months ago. The fund has been trending positively for about a month.
— Average trading volume refers to a 21-day rolling average.