I just checked Kitco and the spot price of silver is down about 60 cents. This feels like Spring of last year when they brought down silver. Let's hope this time they will not succeed. Or at least a short-lived dip!
I can't know for sure. In fact, I just read Turd Ferguson's blog, and he thinks maybe it was a hedge fund algo this time. However, I also read that the commercials have been adding a lot of shorts lately to amount we had last year when they brought down silver, so it logical to assume they are the likely suspects!
PS: Forgive me if this is a duplicate post. I tried to post a reply earlier, and something happened to it.
This is a good lesson on why you should never be all-in.You need to have ammo to buy dips.
Keep an eye on 5sma, especially on 5-day chart,to determine when to buy more.And watch the P&F chart..it looks quite overbot,and a reversal may be coming along,
ssri appears to be heading down 5%,premarket.