Commodity Trade Mantra

Posts Tagged ‘RSI Indicator’

Is It Time For Silver To Rise And S&P 500 To Dive?

Silver has had 3 bad years while the S&P has had five good years. It is time for both markets to reverse. Either the silver price should go up or the S&P should come down, or more likely, both will occur. With silver prices near 4 year lows, the silver to S&P ratio too is at a 5 year low. SO?

Is Silver Likely To Decline More From Here?

On Friday, the breakdown below the 61.8% Fibonacci retracement level was confirmed as silver closed below this level for the third consecutive trading day – This week, we didn’t see any improvement. Instead, silver declined once again, confirming the bearish outlook.

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