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How Precious Metals Are Moving in Relation to Core Indicators

How Precious Metals Are Moving in Relation to Core Indicators

Silver traded at $16.40 per ounce, its RSI level was 42.2, and its implied volatility was 17.2%. The drop in gold and silver was primarily due to the revival of the US dollar (UUP). The chart above depicts the inverse relationship between gold and the dollar over the last month.