Silver's 50 day moving average is plunging down and preparing to cross down over the falling 200-day moving average. That's the worst possible technical indicator of a all times.
Looks like it will occur on perhaps Tuesday or Wednesday (Feb 26 or 27)
Last time this occurred, silver crashed $11
That would put us down at $17
"Mr. Schott said, "When you are looking at a 5% or 10% objective to the downside and a 300% risk to the upside, you're risk reward ratio is historically upside down. The price of silver should be at $75 to $80 dollars per ounce not $28 or $26. The fact that it's trading here or a few dollars lower should turn out to be the best buy of your lifetime." After a nearly 9% washout this month, the fundamental picture has only gotten stronger.