Silver Is Collapsing On Massive Volume

At exactly 1130ET (as Europe closed), someone decided to unload over $2 billion notional of silver into the futures pits...

Over 23,000 Silver futures contracts suddenly puked into the market as soon as Europe closed...

 

Silve rhad managed to get back most of the losses post-election but once the selling broke 18.155 (200DMA) it accelerated...this is the biggest drop since The Fed hiked rates in December.

 

Gold is also getting hit but far less aggressively...

 

Yes, the dollar index is higher but not moving aggressively.

Comments

No comments yet! Be the first to add yours.