Silver Bullion On Sale After 10.6% Fall In Two Weeks

Silver Bullion On Sale After 10.6% Fall In Two Weeks
– Silver down for eleven consecutive days to $16.80/oz
– Further weakness possible and support at $15.73/oz
– Never catch a falling knife – dollar cost average
– Silver buyers love manipulative futures selling
– Thank you ‘Gold and Silver Cartel’ !
Silver in USD (1 Year)
Precious metals continue to weaken, especially silver which has declined eleven consecutive days and is now down over 10.6%.
The sell off is again almost solely a result of futures market participants pushing or manipulating prices lower – depending on your view – despite no bearish silver or wider market developments or news that could be construed as bearish for silver.
It is telling that over the years, there have been very little massive silver and gold futures buying in very short periods of time which has propelled futures much higher. Why is this concentrated trading of futures always on the sell side, pushing prices to the downside?
The questions that arise once again are who was responsible for the sudden bout of selling and was it a bank or fund manipulating prices for their own book and profits or were they acting as a proxy for a central bank.
One way or the other, silver appears increasingly oversold. However, as ever with silver, rather than trying to time the exact bottom with a large lump sum investment or purchase of silver coins and bars, we would caution to “never catch a falling knife.”
Instead emulate the ‘silver stackers’ and keep gradually accumulating silver on artificial price dips.