Silver in AUD touches Weekly Oversold

Only the 4th time in the past 15 years has AUD priced Silver simultaneously traded below its 200 week moving average and into Oversold territory on the Relative Strength Indicator (RSI).

First tranche is being accumulated at current A$26.93 region.

Probability of $25.40 being seen remains.

July 25, 2022

by Rob Zdravevski

rob@karriasset.com.au