The metals were raided again on today’s COMEX open, with silver smashed from $28.30 to $27.86, and gold $9 nearly instantaneously from $1618 to $1609.
The cartel’s success was brief this morning however, as silver has already retraced it’s entire smash, trading back to $28.27 and above the crucial $28.20, and gold is nearly back to it’s highs for the day as well to $1617.
The cartel continues it’s efforts to cap silver at $28.20, but it appears silver is more than up for the challenge, and is ready to make a run at $29. Through $29, and silver will be back to $30 quickly.
The cartel continues to cap gold at $1620 for the same reasons. Notice gold’s beatdown again began exactly as it touched $1620 overnight, and intensified on the COMEX open.