Silver Is Crashing

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For the 3rd time in a week, Silver futures prices are plunging. This time though it is on considerably heavier volume as Silver drops 3.75% – the most in over a month – hammered off resistance at its 50DMA. Gold is also falling though not as aggressively.

Silver slammed…

After failing at the 50DMA…

Gold also weak…

One wonders if this is related to the big China plunge… or just a reflection of broad-based commodity margin calls.