Nice timing by the silver pitch [wo]man that called me last week, and nice timing by the hype sent out about large fund buyers in silver bullion.
Edit (2:43) I certainly cannot claim to have been bearish or seen such an intense smash down coming in the PM's, but NFTRH176 had this for Ag in its Current Outlook summary table. It always helps to keep balanced and remain alert. Aside from that, days like today - and indeed what may follow directly - make me more bullish. But that is me, die hard true believer managing risk.
"Ag continues to look strong, but note that it is approaching the top of its major
down trend channel that intersects the 36 area. With silver currently at 35.43, it
is either close to a pullback or going to break out. At least be on guard for a
pullback, esp. considering current CoT structure, which has been degrading."