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Silver On Sale – 4% Fall On Massive $2 Billion of Futures Selling

Silver On Sale – 4% Fall On Massive $2 Billion of Futures Selling

goldcore.com / By Mark O’Byrne / March 3, 2017 

Silver On Sale – 4% Fall On Massive $2 Billion of Futures Selling

Silver fell a very sharp 85 cents from $18.40 per ounce to as low as $17.65 per ounce yesterday for a 4.25% price fall soon after the London bullion markets closed yesterday despite no market news or corresponding sharp moves in other markets.

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Silver had surged 15% in the first two months and had seen ten consecutive weeks of gradual gains. It had made convincing closes above the psychological $18 an ounce level and the 200 day moving average (DMA) at 18.155 and made 3-month highs only yesterday.

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