It's a holiday in canada today, our 4th of july so to speak. With that fall today in silver, this sets up silver to head to 32.76 which is very close to previous lows at the 32.50 mark that makes this a dangerous time for silver investors.
last night was a classic example of why i don't like to hold overnight anymore, I would have woken up this more to the double silver etf down 6% and falling if I were long. And moving down to the target i mentioned has the potential for a 10-12% downer in a day!
This is what i was expecting at some point, the PM investors are still a bit exhuberant and from what I've seen over the years, a good kick in the gut that stops silver investors from causing stocks like silver wheaton from rising 4-6% in a day is something the market provides from time to time. When silver wheaton is rising no more than 2% per day or falling 2% per day for week or two, that will be the time to seriously consider buying.