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Commodities · indicator signal

RSI overbought drop on Silver

On Silver the rsi overbought drop showed up 86 times. The target came first 33% of the time, the stop 57%, and 10% went nowhere within 12 candles.

Counted on Silver futures: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily4132%61%7%
Hourly4533%53%13%

Silver against the rest

ChartsFoundTarget firstStop firstWent nowhere
Silver8633%57%10%
All Commodities charts37433%60%7%
Every market36,01434%58%8%

Year by year

YearFoundTarget firstStop first
2016650%33%
2019540%60%
2020425%75%
202240%75%
2023450%50%
20241331%46%
20254732%60%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the rsi overbought drop is

RSI rose above 70, then fell back below it. Buying may be tiring.

Run up a hill as fast as you can and soon you need a breather. RSI is a gauge from 0 to 100 that shows how hard price has been pushed lately. Above 70 means price was pushed up very hard, and dropping back below 70 hints the buyers may be tiring.

The full rsi overbought drop lesson, video and quiz ›

Other patterns on Silver

Inside bar · Stochastic bearish cross · Spinning top · Stochastic bullish cross · Volume profile bounce · Doji · Volume profile rejection · EMA 9/21 bullish cross · MACD bearish cross · EMA 9/21 bearish cross · all of them

The rsi overbought drop elsewhere

Gold · Crude oil · Copper · Natural gas · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY

Questions

How often does the rsi overbought drop work on Silver?

In 86 cases on Silver, the target (1.5 × ATR) came before the stop (1 × ATR) 33% of the time and the stop came first 57%; 10% went nowhere within 12 candles.

What is the rsi overbought drop?

RSI rose above 70, then fell back below it. Buying may be tiring.