Is the Silver collapse well planned, or longs just confused?
Over the last two weeks silver has fallen from just under $50 to under $40, following a meteoric rise. Much of the fall has been engineered by the big commercial dealers triggering stop-losses, giving them easy profits. They have been extremely effective in achieving this objective, picking times when mainstream markets were shut for public holidays. The result is that bullish speculators are now full of doubt having learned an expensive lesson about price manipulation.