Silver Down Almost 40% From Its January Highs

Silver has taken a serious beating, and yet the daily RSI is still not showing an oversold level as you would expect with the magnitude of the fall.  We could see further downside to the mid 60's before this drawdown is over...

Gold seems in relatively better shape.  the drawdown has been less brutal

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SILVER 72.569 ▼ −0.29%

Gold loses its Lustre

Gold has taken a hard hit this year after reaching new All Time Highs at just under $5600/oz. After recovering from the end of January smackdown, Gold proceeded to give it all back in March as soon as the bombs started dropping in the Middle East- with the bulk of the fall coming in the last two days, -8%!  Let's see if it's able to hold these levels

Silver isn't faring any better--on the contrary...

Gold TradingView.com

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