Loading ...yeah, this goes on pretty much every single day. I’m convinced that the futures market controls the price action at night until the Crimex opens and the SLV and GLD control the pricing during the day.
SLV especially. There has been a seller of 40-50K shares sitting on the ask all day long every penny up to absorb any and all bids until the bids finally get exhausted.
There is absolutely no reason for pm’s to be down on a day when the USD is finally weak and the SM is down, yet silver can’t hold a bid and gold can’t get past $1219.
The other thing is that the algo’s hit everything at the same time, shares and metals, all at once. It’s a no win game.