"You must unlearn what you have learned." Yoda
Did we mention that this is an option expiration week at the Comex? Tomorrow is the day.
Silver was reaching for a definite high note while Uncle Thug was on vacation yesterday. And the sell off in equities helped to shake it back down on profit taking to the strong hands. So far normal market action.
If you do not care for volatility you will not like silver. It is tough to sit it out, because if there is a break in the commercial positions known as a 'commercial signal failure' the price could easily go up several dollars per day.
In this case given the insiders who are short, and the semi-official backing which I suspect they have, I doubt they will fail all at once, but in stages and over time, and so the price will continue to creep higher until the market clears.
