Silver's looking bearish AF this morning, guys. RSI's dipped below 35 on the daily, and we're hugging the lower Bollinger Band. Looks like the bears are having a field day. I'm expecting it to test that 85 support again soon. Maybe even break it, who knows?
Update: Okay, so it bounced off 85.20-ish, but the overall sentiment still feels heavy. tbh, I'm not convinced it's a real reversal. The 200 SMA around 86.45 is looming overhead like a dark cloud, and that's gonna be a tough nut to crack. I'm personally waiting for a clearer signal before jumping in. Could be a good shorting opportunity if it fails to break that 200 SMA. Anyone else seeing the same thing? Or am I just being a pessimist this morning? Maybe I need more coffee lol. Patience is key, people!
