Warning: Silver Price Correction is Imminent

Attached is a weekly chart for SLV (silver ETF, price-per-share is about $3 lower than spot-per-ounce).

On the top is the price movement; in the middle is the trading volume; at the bottom shows RSI.

RSI stands for Relative Strength Index, a typical technical analysis indicator.

As labeled, you can see what price reacted whenever RSI hit 80, for the past 18 years.

Since it is a WEEKLY chart; if history is any guidance, we will see imminent Silver price correction which could last 4 to 8 months.

Your Money Your Decision.

https://preview.redd.it/9ynpx23krwrf1.png?width=970&format=png&auto=webp&s=5536a9d0b950bf00bd051cc129f4244ace918bfa