Silver Meltdown on the Chart
― In early 2011, silver was the toast of the town, as speculators ran up the price to the $50.00 an ounce level on speculation that the world economies would explode upward. Of course, this has yet to happen since the white metal steadily declined over the past 15 months. The upward move in prices leading up to $50.00/oz was overextended on the chart and vulnerable to selling pressure, which did happen, so I hope you did not chase the metal higher. ∙ The long-term chart of cash silver from [...].
