After a fierce run up to over $17.00 yesterday, the bankers in the Asian time zone knocked silver down to $17.00 at midnight. By 3 am (London’s first fix) it jumped to $17.30, its zenith for the day and only 30 cents away from the magical $17.60 breakaway point for silver.
The bankers then used excessive force knocking silver all the way back to $16.98 by 9:20 am this morning. Not to be undone, and looking at the bleak financial scene gave incentive to our silver bulls to attack once more and drove silver up to $17.17 by London’s second fix.
Expect fireworks in both metals tomorrow!