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The correct answer to this open question is the following.

What could be the modern-day equivalent of silk in terms of trading value is oil.

Although alternative energies are increasing their importance in times of climate change and global warming, oil is still the "black gold" of modern. The world still uses oil in different forms and means of transportation still depend on oil.

Oil has been the cause of many wars and confrontations, and of the United States intervention in the Middle East to maintain its political and economic interests. The oil industry produces trillions of dollars annually and the countries of the world who have more exportations of oil are the United Emirates and México.

Trading volume is a technical indicator since it shows a security's or market's entire activity.

Oil, in terms of trade value, might be the modern-day counterpart of silk.

Reasons why oil is the equivalent

  • Despite the fact that alternative energies are becoming more important in the face of climate change and global warming, oil remains the "black gold" of modern times.

  • Oil is being used around the world in various forms, and transportation is still reliant on it.

  • Many wars and clashes have erupted over oil, and the United States (US) has intervened in the Middle East to protect its political and economic interests.

  • The oil sector generates trillions of dollars each year, and the United Arab Emirates and México are the world's top oil exporters.

For more information about the trading value, refer below

https://brainly.com/question/6589749

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