A rare evening raid on tonight’s Globex saw silver smashed from $29 to $28.50 in 3 ticks, with gold also dropping vertically back to $1585.
Silver smashed .50 on the first wave of the raid to $28.50, with the bottom of the recent $28.50-$29.50 range holding for now:
While silver is recovering strongly off the lows, it appears likely that the cartel will attempt to take out the stops in the $28.40-$28.50 level over the last 2 days of the week.
Gold also was treated to a vertical drop, with support holding at $1585:
With the CFTC reportedly now discussing gold & silver manipulation on the London fixes, apparently our bankster friends have been forced to temporarily change their MO for their daily paper futures dump.