For the 3rd time in a week, Silver futures prices are plunging. This time though it is on considerably heavier volume as Silver drops 3.75% - the most in over a month - hammered off resistance at its 50DMA. Gold is also falling though not as aggressively.
Silver slammed...
[3]
After failing at the 50DMA...
[4]
Gold also weak...
[5]
One wonders if this is related to the big China plunge... or just a reflection of broad-based commodity margin calls.
