Silver falls to $49.10 per ounce, Mario Nawfal notes

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Silver falls to $49.10 per ounce, Mario Nawfal notes — Silver approaches 1980 and 2011 highs

Silver has declined to $49.10 per ounce, approaching its major peaks of $49.45 reached in 1980 and $47.91 in 2011.

Mario Nawfal pointed out that, unlike at those historic highs, the 14-week RSI has not reached the extreme overbought levels recorded previously, which were 96 and 88.

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Nawfal has previously reported on large-scale financial developments, including a California executive who lost over $100 million in risky bets. He has also covered economic forecasts, noting that economists do not expect China to surpass the U.S. as the world's largest economy soon. These reports reflect his ongoing coverage of significant market events and outlooks.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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