Loading ...Bottoms have been made in the last couple of Octobers, especially last year, but nowhere near this extremely oversold.
Free charts only go back 5 years but GLD has never been this oversold in the last 5 years.
The RSI in SLV got to 10 during the Covid crash, so who knows?
I’m not sure why the shares are so weak after looking decent yesterday, but surely a bottom has to be nigh.
Looks like the DOW is bouncing off an RSI of 27 – but I think there’s more pain there just ahead.