Silver getting crushed today

I don't believe its over.... because I believe it just begun.......U SAID IT (INTERESTING)

 

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SILVER

 

And the Answer is ...

 

Holy molies!

 

Wam bam! Talk about volatility.

 

mollies?

what does Fish have to do with silver ?

 

Anyone have the ability to see volume?

I'm guessing there's a lot of option selling and covering going on - which is the reason for the rapid up/down swing.

 

SLV ETF is at 9.36 Million

 

this ones a bit clearer for volume (etrade vs above Fidelity)

 

Look like someone dumped a huge number of shorts on the market at around 1:25pm. I wonder what the COT report will show when it comes out.

 

Check the spelling again. But anyway, you never heard of silverfish?

 

Can you expand that to a week? Trying to see relative volume - or point me to a link so I can review the site?

Thanks!

 

i have brokerage accounts .. not sure what you can see in public views
but just go to etrade and type "SLV" for quote and see what you can see under the charts tab.

1 week SLV

 

are they pure silver, 99, 90, or 40% ?

I tended to just step on them ...

 

I figured someone had a dumping price level set. Hit the mark and BAM!! Thank 'ya 'maam ...

someone else had a bigger buy at the dropped price.

or was it a conspiracy?

 

That would depend on your definition of conspiracy.

My definition is when two or more people conspire together to achieve a goal or hide a fact which they do not want to be known. Given that everyone knows that they dump huge number of shorts I don't think this qualified as a conspiracy.

 

Nothing conspiratorial. A day when markets saw military action and a US jobs report that may or may not have been light due to weather and may or may not wind up affecting interest rate hikes. In short.....

One day does not a market make.

 

You're killing the PM conspiracy zombies



yeah, with so many ways to get into PMs nowadays I don't see what's happened in the past a couple of times can happen again.

 

No one can get into PMs to the extend that the bankers can dump shorts. So anything can, and will, happen. The only question is whether the frequency and depth of the swings can continue. I hope not.

 

If you look at the graphs of gold and silver you will see that silver went almost vertically down somewhere around 1:30 with a huge spike in volume. Gold slid steadily, and by far less, over a 30 minute period. Usually the track one another quite closely. This difference in behavior strikes me very strongly of a sudden dump of shorts in silver. The gold market then reacted.