Pop goes the bubble...

If the article I saw about halting trading Friday on a Chinese exchange, it was done because they were concerned too many people were trying to buy on the basis of speculative fever.

What sort of behavior do you suppose they'll see if silver opens at a price 25% lower than Friday's? Given human irrationality, the crowds may well decide that if silver was a screaming buy at $115, it's terribly overpriced at $85.

 

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The crowds could just as easily decide that after Friday’s sell off that’s it’s a screaming deal at the close. Panic buying could drive it up to over $115. I doubt it but you never know. Only a few more hours and we’ll all know what the crowds think.

 

https://www.youtube.com/playlist?list=PLotvxarvOzpVtmVf0CxjHNlUT_qxh52to

 

If the subject had been xyz stock increasing in value as did silver, would the Chinese government shut down trading? I think governments around the world are scared silly of monetary metals.

 

I guess we will have to wait until the markets open.

 

Seems like they've done it for stocks as well, maybe even crypto, in the past.

 

I think those Shanghai prices are still stale data from Friday prior to the shutdown. Here's what your site tells me about market hours as of right now:

 

So, after reading the responses I am on to something. The thought of a refinance to ease the tension would send Metals back to where they were.
As a collector, I would rather they go back to the mid 30's.

 

Speculation, is a hard business to be in.

 

Overseas markets are down but so far nothing like last week.

 

And now?

 

And now we pray.

 

Overseas markets are down $10. Silver is down to $74. Wow how low will it go before they start buying again? These are future selloff. They don't even trade real silver.

 

I know a lot of the big traders are just buying paper. Little guys like me want the real deal. And honestly, I'll get back in if it stabilizes in this region, but I'll be more excited if it gets back to $50. I think there is a good chance it goes back to pre-bubble values (I stopped buying at $40 on the way up, lol).