Notable Huge pullback on Silver prices - down 22% and falling

It would be a great time to buy. On the 4-hour the RSI just touched oversold territory so I would expect a retraction. I'm waiting for the bar to close though. Might bounce around here for a wee while. Has to unwind some sell pressure but the trend is still upwards. buy the dip is certainly in play, just a matter of how far it will dip.
 
Banks need tier 1 assets before March according to the BIS. Silver is a tier 1 asset now as is gold.

They dont want to do so at the high prices. Rumor is this is manufactured in ways to help them get orders in to meet the new requirements set on them.

Time will tell

Either way supply is depleting.

Mining stocks are collapsing or becoming available at discount rates consider mining stocks. Remember mining stocks are high risk so be smart and do your research. If a mining stock is pulling silver or gold out of the ground and positive cashflow then those are safer then other mining stocks.
 
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Trump's nomination of Kevin Warsh (a former Fed governor viewed as more hawkish and inflation-focused) for Fed Chair eased fears of ultra-dovish interference that could supercharge dollar weakness and inflation trades. That steadied the dollar, sparked profit-taking, and triggered margin calls/liquidations in leveraged paper positions— Overheated longs got flushed out fast, with thin liquidity exaggerating the drop.



View: https://www.youtube.com/watch?v=AggsvII90eQ
 
Central casting???? Anons know

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