With the equity markets more or less remaining in a tight range, We are seeing big wild and sudden moves in bullion markets with Gold and silver both off by more than 10% from their respective highs. with more than 60% of the move coming in the last 3-4 days. Gold is at 1825-30 $ range and Silver near 21.2 $
Gold and Silver
One more interesting data point is Gold’s RSI is now at 5 years lows - last seen in 2018.
What are the factors that are causing these swings? and at levels will you be a buyer in gold and silver?