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Monday, September 26, 2011

Mon Post #3: Yeehaw


Overnight trading in Silver last night saw a massive, determined night bombing raid that took the metal down in the least liquid period of the 24 hour trading day. 

The attach dropped the spot price to $26.15 with the low being reached around 2:00 am EDT (11:00 pm last night on the west coast).

Silver rebounded today to $30.78 in New York trading, which was virtually unchanged from their open at $30.85, or up an astounding $4.50 from the low.

In early overnight trading tonight, Silver is up over $31.00.

But tomorrow is option expiration on the COMEX, so look for more short selling tonight. 

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1 comment:

  1. During the recent crash we have NOT had any clients SELL, just many more BUYERS!
    Regards,

    From:Bosko Kacarevic
    PFG Metals Canada

    ReplyDelete