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Silver Down Almost 40% From Its January Highs

noreply@blogger.com (MasterMetals) — Fri, 20 Mar 2026 01:20:38 +0100

Silver has taken a serious beating, and yet the daily RSI is still not showing an oversold level as you would expect with the magnitude of the fall. We could see further downside to the mid 60's before this drawdown is over...

Gold seems in relatively better shape. the drawdown has been less brutal

See more charts here

SILVER 72.569 ▼ −0.29%

Gold loses its Lustre

noreply@blogger.com (MasterMetals) — Fri, 20 Mar 2026 01:18:58 +0100

Gold has taken a hard hit this year after reaching new All Time Highs at just under $5600/oz. After recovering from the end of January smackdown, Gold proceeded to give it all back in March as soon as the bombs started dropping in the Middle East- with the bulk of the fall coming in the last two days, -8%! Let's see if it's able to hold these levels

Silver isn't faring any better--on the contrary...

Gold TradingView.com

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$NDX keeps on dropping

noreply@blogger.com (Unknown) — Fri, 7 Mar 2025 02:17:00 +0100

Nasdaq 100 Breaching the 200 DMA— first time since its last break out at the end of 2022.

RSI showing oversold levels. These have been BTD moments over the last 2 years—returning between 20 to almost 50% in its runs from trough to peak.

The corrections, excluding the latest 10% drop in the last 3 weeks, have been 7-13%, averaging -10%, and lasting between 26-102 days, with a median of 28 days.

Will this time be Business as Usual, or is there further to fall?

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#Bitcoin, #Crypto Mega Rally in 2024

noreply@blogger.com (Unknown) — Sat, 7 Dec 2024 15:54:00 +0100

Quite a run for #Bitcoin, #Crypto coins this year. #Hedera has been the out-performer among the major coins ⬆️270%! 🚀

$BTCUSD +125%

$ETHUSD +70%

$HBARUSD +270%

$SOLUSD +120%

$STXUSD +65%

COINBASE:BTCUSD Chart Image by MasterMetalsCharts

tradingview.com

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#Gold closes above $2500/oz.! New ATH! 🥳 🚀

noreply@blogger.com (Unknown) — Mon, 19 Aug 2024 22:50:00 +0200

#Gold hits ATH, closes above $2500/oz.

RSI still quite moderate at 65. This could have a nice run next week! 🚀🚀 pic.twitter.com/6MfGSBPC2L
— MasterCharts (@MasterCharts) August 16, 2024

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New All Time Highs for #Gold!

noreply@blogger.com (Unknown) — Thu, 7 Mar 2024 13:28:00 +0100

We're in uncharted territory for #Gold!

Now trading at ATH @ $2164/oz. On track to sport a new weekly high…

$GLD

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#Gold breakout is imminent…

noreply@blogger.com (Unknown) — Wed, 17 Jan 2024 14:07:00 +0100

Gold hitting the upper resistance line of its All Time Highs ATH.

As the market expects rate cuts, Gold doesn’t buy that the inflation threat has disappeared.

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#Gold & #Silver

noreply@blogger.com (Unknown) — Tue, 26 Dec 2023 17:02:00 +0100

There is great physical demand in gold and the yellow metal would trade substantially higher if the central banks wouldn't hold it back by selling into the market.

Technically oriented investors want to see US$ 2'070 per ounce, on a closing basis, to give a clear buy signal. Breaking through US$ 2'070 would indicate that the consolidation period since summer 2020 would be over. A first up-move should carry the gold price 10% higher.

As per last Friday spot gold closed in New York, 4 p.m. at US$ 2'053.00 per ounce, up US$ 33.10 from

a week prior. Attachment 5 displays the spot gold trading pattern for the last 3 trading days.

The Proprietary Cycle (attachment 6) is up. The cycle indicator is a tool, which provides an idea

at which direction investors should be positioned in the short-term.

Attachment 7 shows the daily chart of the largest ETF investing in gold shares, VanEck Vectors Gold

Miners ETF, GDX, US$ 31.56, up 2.0% from last week. The index has broken out on the upside from

a consolidation period since August 2023 (lower chart). And it is now outperforming the gold bullion

(upper chart).

In silver, large speculators (hedge funds and money managers) reduced their long positions by 5.5% and reduced the short positions by 16.0%. Commercial silver dealers reduced their long positions by 3.5% and left their short positions unchanged. The net short position of the Commercials increased to 48'800 from 47'500 the prior week.. This is still a very large net short position (attachment 8).

The 30-minute silver spot price chart (attachment 9) reveals silver prices made the low last Monday,

December 18 at US$ 23.66 per ounce and the high last Friday at US$ 24.60. There were several attacks

during the week but not really successful. Last Friday, after hitting the high, the silver depressing team moved the silver prices in a hurry down to US$ 24.09.

The weekly silver chart is forming an Inverse Head and Shoulder formation with a resistance level at

US$ 26 per ounce. Once cleared the price will move very fast to US$ 28 (attachment 10).

The Global X Silver Miners ETF, symbol SIL, US$ 28.94 was up 3.8% (attachment 11). This is the largest ETF investing in so-called silver stocks. The Point&Figure chart (attachment 12) indicates SIL is still far away from US$ 50 achieved in early 2021.

#Gold: What will H2 bring ?

noreply@blogger.com (Unknown) — Mon, 4 Jul 2022 11:25:00 +0200

Gold is definitely looking weaker, but don't count it out just yet!

On the Weekly Gold Chart, Gold is treading water.

The monthly moving average has flattened out, but don't forget we are at the seasonal weak spot. From mid-summer it tends to outperform through the end of the year...

The Charts can be seen on @TradingView here: https://www.tradingview.com/x/ifY41xVj/

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#Austria 100-year #Bonds RIP

noreply@blogger.com (Unknown) — Tue, 10 May 2022 11:56:00 +0200

In 2020, Austria issued a government bond with a maturity date of 2120, aka Century 100-year government bond, with a coupon of 0.88%.

It was said:"Even though the bond has a very long maturity, its maturity profile would fit institutional investors like pension funds and insurance companies".

The banks mandated to handle the bond had orders of up to EURO 17.7 BN. but only EURO 2 BN. were raised.

It's all been downhill since then!

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Not All Banks Are Created Equal

noreply@blogger.com (Unknown) — Wed, 2 Mar 2022 16:00:00 +0100

One year since its new CEO came in, Citigroup is right back where it was then.

JP MORGAN hasn't fared too much better, although it's still barely 10% up for the year.

Wells Fargo has been the winner, after some horrible years of course.

Bank of America $BAC has also done well over the past year.

Is this Just a hiccup before we really start seeing a rally with rising rates—or is this foretelling something else…?

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#Gold relative to the $SPY has finally turned.

noreply@blogger.com (Unknown) — Tue, 1 Mar 2022 19:43:00 +0100

The great Rotation has just begun!
The #Gold / $SPY ratio has finally turned up after collapsing for a decade.

The low was in January of this year at 3.8.

The last rally in 2011 saw it trade to above 18!  It's still early in this #PreciousMetals Bull Market! $GLD

https://www.tradingview.com/x/7lRxyf33/

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#FreeportMcMoran @FM_FCX oversold $FCX

noreply@blogger.com (Unknown) — Mon, 23 Aug 2021 23:01:00 +0200

#FreeportMcMoran @FM_FCX oversold

#Freeport @FM_FCX at oversold levels.
It's usually been a good bet buying at these levels. Over the past year you've seen gains of 10-120%, with an average of 51.54% and a median of 47.69%.

—Knowing full well that a break in #Copper below $4 means all bets are off...…😩 $FCX pic.twitter.com/JfQNye83WT
— MasterCharts (@MasterCharts) August 23, 2021

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#Gold rallying this morning breaking through $1800/oz. Technically looking good $GLD

noreply@blogger.com (MasterMetals) — Mon, 23 Aug 2021 15:53:00 +0200

#Gold rallying this morning breaking through $1800/oz. Technically looking good $GLD pic.twitter.com/jptfdE8BjC
— MasterMetals (@MasterMetals) August 23, 2021

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#Bitcoin Falls Below $40'000, Red Alert on the Charts As It Breaks Through Critical Levels $BTCUSD $XBT

noreply@blogger.com (Unknown) — Wed, 19 May 2021 12:46:00 +0200

As far as #TechnicalAnalysis is concerned, Bad Omens All Around!

Bitcoin's price falls below the 200 Day Moving Average. That's never good—especially when the 20 Day Moving Average breaks below the 100 Day Moving Average, signalling a "Death Cross".

See more Bitcoin & Crypto Charts here.

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