This is wild.
Paper market for silver is back where it was … two weeks ago on January 13th.
$84 per oz.
Meanwhile, the PHYSICAL market in Shanghai China is still at $122 per oz. The decline there has been much smaller.
Paper market for silver is back where it was … two weeks ago on January 13th.
$84 per oz.
Meanwhile, the PHYSICAL market in Shanghai China is still at $122 per oz. The decline there has been much smaller.

This has happened on the last day of the month. What that means to the chart is we now have a massive reversal wick that will be seen on the monthly immediately. This setback may not be over yet either. It is already too late for a late day recovery so this one will be booked. But its ugly. See for yourselves.