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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During the recent crash we have NOT had any clients SELL, just many more BUYERS!
ReplyDeleteRegards,
From:Bosko Kacarevic
PFG Metals Canada