Started last Thursday 9/22 and Friday 9/23; part of the reason is the margin requirement increase, just like 4/29/11 causing the 5/2-5/5 <30%+> silver collapse. Hedge funds had to sell creating more silver selling? Oil collapse just part of the reason.
This time it could be worse - why? More people got sucked into buying silver; just 3 weeks ago on 9/2 SLV was at 42; sell at all cost makes silver more oversold; just like overbought.
SLV to teens? Let's see if it holds at 25-26 as many SLV experts predicted. Any clue how they arrive at that (chart analysis)?
The flaw with that argument is that the late January silver bounce at $25-$26ish was caused by the Egyptian riots and rising oil prices. Otherwise oil and silver would have continued falling and we would have been back in the $teens much sooner.