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Precious Metals Bled on Monday: Why?

Precious Metals Bled on Monday: Why?

The last few days have been choppy for precious metals. On Monday, April 23, gold futures for April expiration fell 1.1% and closed at $1,322.50 per ounce. Its RSI (relative strength index) level fell to 45, and its implied volatility was 11.2%. Silver slumped more than gold, falling a whopping 3.4% and ending the day at $16.60 per ounce. The RSI for silver was 54.6, and its implied volatility was 20.2%.