The daily charts of the silver bubble don’t really do it justice. You have to get the near $50 price in the picture from the overnight session of April 25th to really appreciate how grossly overbought this market was. The price is cratering another 8% today. This is now a full blown market crash.
My call on avoiding the silver market in April wasn’t necessarily prescient, but from a risk management perspective it couldn’t have been more spot on….