🚨📉 Silver just flashed a MAJOR warning signal
Silver has fallen back to $49.10 per ounce, near its major peaks of $49.45 in 1980 and $47.91 in 2011.
But there's a huge difference...
At those previous peaks, the 14-week RSI reached extreme overbought levels of 96 and 88.
Today, it's sitting at just 33.
Silver is trading near those historic price levels, but momentum has completely REVERSED from recent highs.
Source: Bloomberg / Writer: Samuel
$PEPE
Silver has fallen back to $49.10 per ounce, near its major peaks of $49.45 in 1980 and $47.91 in 2011.
But there's a huge difference...
At those previous peaks, the 14-week RSI reached extreme overbought levels of 96 and 88.
Today, it's sitting at just 33.
Silver is trading near those historic price levels, but momentum has completely REVERSED from recent highs.
Source: Bloomberg / Writer: Samuel
$PEPE
