“Silver’s Plunge Is Nearing Completion”
GoldCore's picture
by GoldCore
Jul 11, 2017 8:10 AM
“Silver’s Plunge Is Nearing Completion”
- Silver's plunge is nearing completion - Bloomberg analyst
- Silver's 10% sharp fall in seconds remains “mystery"
- Plunge despite anemic global supply and strong demand
- Total silver supply declined in '16 - lowest level since '13
- Silver mine production down in '16, first time in 14 years
- Total silver supply decreased by 32.6 Mln Ozs in 2016
- Supply deficit in 2016- fourth consecutive year (see table)
- "Falling knife" caution but opportunity presenting itself
Silver has had a torrid time of late with a the "flash crash" seeing a massive $450 million silver futures sell order pushing silver 10% lower in seconds and follow through selling later Friday after the better than expected U.S. jobs number.
http://www.zerohedge.com/news/2017-07-11/%E2%80%9Csilver%E2%80%99s-plunge-nearing-completion%E2%80%9D
