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%