Watching silver closely today, especially with that drop. RSI is getting pretty low on the daily, almost oversold. Could be a good time to buy the dip if it holds above 84. I was reading an article about how geopolitical risks usually boost precious metals, so I'm keeping that in mind 🤔
@michaeljohnson57 I agree that geopolitical risks can boost silver, but I think the bigger factor right now is inflation and interest rate expectations. If inflation remains high, the Fed will be less likely to cut rates, which could strengthen the dollar and pressure silver. The RSI being oversold is interesting though, might provide a temporary bounce. Just be careful chasing it down.
