Silver Prices Decline, Signaling Market Cooldown Amid Extreme Greed Sentiment

Silver prices experienced a notable decline at the start of the week, with silver bars losing approximately 900,000 VND/kg, translating to a decrease of over 1% following a recent rally. This downturn reflects a broader cooling trend in the domestic market, as investor sentiment appears to shift amidst a backdrop of extreme greed, as indicated by a coverage level of 95. The adjusted sentiment score currently stands at 37, suggesting a more cautious outlook among market participants. This sentiment shift comes despite a recent three-month rate of change (roc_n3) of 0.138, indicating that while there was momentum in silver prices, the current pullback may signal a reassessment of value in a market that has been characterized by heightened speculative activity.