Silver: RSI, real-yield correlation and 52-week range

On 2026-07-20, Silver closed at 56.8 USD/oz, down 1.17% on the day. It trades at 25.0% of its 52-week range. Its RSI(14) of 38.05 is in the 14th percentile of its history since 2000, and its 20-day return of -2.15% in the 37th percentile. It is trading below its 20-, 50- and 200-day moving averages. Its 20/50/200-day moving averages are 58.902 / 68.118 / 68.608 USD/oz, with price -3.57% / -16.62% / -17.21% against them. Its 52-week range is 35.27–121.3 USD/oz; it closed 53.17% below the high and 61.04% above the low. Its 20-day volatility is 2.249% daily, in the 64th percentile of its history since 2000. Its 14-day average true range (ATR) is 2.09 USD/oz, 3.68% of price. It has returned -3.35% over 5 days and -30.51% over 60 days.

=== SILVER  (USD/oz) ===
  price & change   (as of 2026-07-20, prior 2026-07-19)
    close       56.800
    change      -0.670  (-1.166%)
  range            (as of 2026-07-20)
    range       1.450
    close pos   79.3% of range
  moving averages  (as of 2026-07-20)
     20d MA     58.902   price below by -3.57%
     50d MA     68.118   price below by -16.62%
    200d MA     68.608   price below by -17.21%
    price < all MAs
    stack: 200d > 50d > 20d
  volatility       (as of 2026-07-20)
    20d stdev   2.249% daily ≈ 35.7% annualized (×√252)   (64th pct of own history, since 2000 (4768 obs))
    vs easing-2024 avg  0.72× (2.249% vs 3.137% era avg)
  ATR              (as of 2026-07-20)
    ATR(14)    2.090
    ATR%        3.68%   (90th pct of own history, since 2000 (4774 obs))
    range/ATR   69.4%
  52-week range    (as of 2026-07-20)
    high        121.300   (-53.17% from high)
    low         35.270   (+61.04% from low)
  momentum         (as of 2026-07-20)
    RSI(14)     38.05   (14th pct of own history, since 2000 (4774 obs))
  returns          (as of 2026-07-20)
     5d return  -3.35%
    20d return  -2.15%
    60d return  -30.51%
  volatility by rate-era
    pre-crisis       2.6443%   (from 2000-08-30)
    ZIRP-2009        2.3411%
    tightening-2015  1.5449%
    ZIRP-2019        2.3976%
    tightening-2022  1.9633%
    easing-2024      3.1370%
  real-yield sensitivity (silver weekly returns vs weekly Δ in 10Y TIPS real yield, DFII10)  (as of 2026-07-17)
    vs real yield (Δ) -0.24 (26w)
    vs real yield (Δ) -0.22 (52w)