Silver Slumps To $19 As Precious Metal Smackdown Continues

Tyler Durden's picture

The overnight session was relatively quiet as precious metals trod water while equity markets tumbled. However, as the US equity cash session looms, silver and gold are coming under renewed selling pressure (and the USD bid) in a seeming effort to provide some rotational bid to stocks into the open (just like yesterday). This is the lowest for Gold ($1218) and Silver ($19.01) since July.

 

The Asia close, Europe open and US open appear opportune times to dump all your precious metals...