Silver down $3 tonight. Usually Asia trading is steady. The velocity of silver declining is stunning. Usually on that Kitco silver chart people post, the horizontal bars are scaled to twenty cents or even ten cents. The past two days they have been scaled at $2. People have to know that to judge on these charts how drastic this fall really is.
That is one nasty looking chart. Margin buyers are feeling the downside, some are looking for a window to jump out of right about now. Ugly.