Loading ...It’s quite simple. SLV and silver and gold and the shares will keep going down until the gamblers in the derivatives markets stop buying more calls than puts because the machines control pricing. And they are independent markets. Supply and demand for physical don’t mean shit regarding pricing.
So you need not wonder how low they will go. Just watch the gamblers in SLV, GLD, AGQ, GDX, GDXJ, NUGT, JNUG for now…there are a bunch of them by design. When they finally say ‘uncle’, then you want to start betting long until they return to their idiot ways again.
Of course the next rally could cause a problem in the physical bullion markets and strip price discovery away from the ETF / futures devils…we can only hope.
Cheers