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Silver (XAG) Price Drops to $36.89 – RSI Says Bounce Coming by Mid-August
Silver (XAG) just took a nasty hit, dropping to $36.89 and looking pretty beaten up after what was a solid uptrend. But here's the thing, this pullback might actually be setting up for a sweet reversal opportunity. With everyone getting spooked, we could be looking at a classic "be greedy when others are fearful" moment. Silver's having a rough day, down 3.25% and sitting at $36.89. The technical guys are watching two big support zones: the 50-day moving average at $36.32 and potentially the 20-week MA way down at $34.00. The drop from the recent high near $38.24 has been brutal, but here's what's ... (full story)