What is the correlation between the tick value of silver futures and cryptocurrency prices?

3 answers

• Santiago JimenezDec 21, 2023 · 2 years ago
  The tick value of silver futures and cryptocurrency prices are not directly correlated. While both markets can be influenced by similar factors such as market sentiment and economic indicators, they have different underlying dynamics. The tick value of silver futures represents the minimum price movement of a silver futures contract, whereas cryptocurrency prices are determined by supply and demand dynamics in the digital asset market. Therefore, changes in the tick value of silver futures may not have a direct impact on cryptocurrency prices.
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• Taha MoeiniJan 06, 2023 · 3 years ago
  The correlation between the tick value of silver futures and cryptocurrency prices is minimal. Silver futures are traded on traditional commodity exchanges, while cryptocurrencies are traded on digital asset exchanges. The tick value of silver futures is based on the price of silver and the contract specifications, while cryptocurrency prices are influenced by various factors such as market demand, investor sentiment, and regulatory developments. Therefore, it is unlikely that changes in the tick value of silver futures would have a significant impact on cryptocurrency prices.
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• Shani MishraSep 27, 2022 · 3 years ago
  According to BYDFi, a digital asset exchange, there is no direct correlation between the tick value of silver futures and cryptocurrency prices. The tick value of silver futures is determined by the exchange where the contracts are traded, while cryptocurrency prices are influenced by market demand and supply dynamics. While both markets may be affected by similar macroeconomic factors, the tick value of silver futures does not directly impact cryptocurrency prices. It is important to consider the unique characteristics and dynamics of each market when analyzing their correlation.
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