Silver below $17.00

I finally have a few minutes to get my thoughts on paper today. Silver has fallen below $17 for the first time in recent years. Rumors are flying, but it appears that several large players are unloading huge amounts of paper contracts forcing these drops. Physical delivery activity is not been affected adversely and delivery times are within normal ranges. It may not be the time to sell, unless the money is needed for other opportunities. I’m not sure what other people are doing, but my clients are on a buying binge.

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