As I'm writing this post, the spot price for silver is $37.54. A manipulation of the silver market by Comex caused this sudden drop in the silver prices.
The Chicago Mercantile Exchange on Friday (April 29th) raised its margins on one contract of silver from $14, 513 to $25,397, an increase of 75%.
This type of increase procuded a significant movement in the price of silver.
This something beyond the scope of natural market forces, and nothing we could forsee or predict. However, we are still bullish on silver long-term, although silver could possibly hover around the $37 to $41 range for possibly a month or two.
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