Here We Go: Silver Waterfall in Progress

After consolidating near $23.70 throughout this morning’s Asian trading, silver has again been hammered by the cartel, with the first wave of selling beginning shortly after the London open, and culminating in a classic vertical waterfall decline taking the metal nearly back to $23 on the COMEX open.
The move has broken silver out of its nearly 3 week long trading range of $23.30-$24.50 to the downside, meaning a re-test of the correction low at $22.005 is now entirely possible.

2012 Silver Maples As Low As $3.19 Over Spot At SDBullion!

Silver Maple

 

Silver smashed on both the London & COMEX opens:

silver

 

Gold was also hit shortly after the London open as well as on the COMEX open, dropping as low as $1420:

gold