The paper dump on gold and silver continues early in Friday’s Asian session, as the cartel attempts to extend today’s Globex sell-off. The in-progress raid has stalled once again at $32.60 in silver, and just above $1735 in gold.
Look for the cartel to throw everything at the market in an attempt to force silver below $32.50, triggering stops, and forcing silver down towards it’s 50 DMA.
Silver’s Globex clubbing, and latest waterfall decline to $32.60:
Gold should find strong support near $1720-$1725 should $1730 fail: