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Just noticed silver stepped off a cliff. Will it continue to fall or will it bounce back?

Market manipulators at work.

Yes I looked and it was over $29 a few mins later I thought before I leave I would check it and it was at $27.81 droping fast.

She is trying to level out...man It's like a car wreck.....can't take your eyes off of it.

Here's that buying opportunity... take advantage of it.

Its dropped over a dollar, and is still up for the day.... very interesting to see......

Why so fixed on the complete domination of silver price? Why not wish for it to stay low for another year or so, so everyone can invest more at a discount. Instead it sounds like you all are purely out for the profit aspect instead of the hedge.

to heck with bulk buying silver.....I did some buying at lunch (3) ASE's $28 each and a walker for $9

Hey big spender

I maybe wrong which I probably am. But when it goes up so much so fast then drops so much so fast I won't buy. I'll wait until it levels off for a few hours only small peaks and valleys then I'll buy.

Id be buying, that is if I hadnt all ready spent my cash on silver the last few weeks. I dont think the rise is over, i think its just a breather, but then im making it up as I go.....

I'm personally very pleased about this. I was starting to feel a bit ill at the prospect I may get priced out sooner than expected.

Wow, steep drop in AU/AG today after an amazing AM run.

Weird, what do you think caused the drastic change in price?

More sellers than buyers.

It's natural for the volatility to increase as the price rises, but add to that squeezes and more shorting and it just exacerbates the moves

Thogey wrote:More sellers than buyers.

On this basis, how can we expect the price to go up to the likes of $50 etc in the future then?

Are we to expect an increase in buyers as the price rises? Sounds counter-intuitive...

I'm still pretty new to all this so forgive me if the answer to this is obvious.

It is counter-intuitive. But that's what happens in a hot market. Buyers want out of thier paper so bad the'll pay more for the metal. Silver laid around at $4-7 for 20 years. It's the same silver now as it was then.

But now people are waking up and us dollars stink to high heaven.

Conventional wisdom says its profit taking from the recent run up. However a lot of large down moves seem to occur in the early afternoon with little or no news driving them. I suppose that suggests manipulation, but I don't have the expertise to say for sure.

Man I wish I was around to have gotten in on silver at $4!

Wow, what a ride..... Sad to say, but before to long, this might be considered a calm day for silver. Up a dollar part of the day, down one a few hours later.....

Yeah. . . Its easy to forget that volatility means down as well as up.

Almost a $3 swing in a day#!@!?

CRAZY VOLATILITY

Really appreciate the heads up! Picked up some Phils at a relatively very good price! Slickster you're all right!

Hey yall,\
when you set a new high, then close lower, in big volume, thats a reversal.

the major trend is higher, humbly i submit pushing silver to $75-$125 an oz, but i think, just maybe we get lucky, and she trades down to the old resistance level of 20-21, which would be a God send. one last time to get on the train, at a right and decent price.

God bless you all, neil

I've done a lot of buying in the last 2 months and what I see going on now I decided I'm going to lay off for a little while and see what happens. I said I would buy up to 20x face and so far the most I spent was this last weekend at 17x face. I don't want to get caught in a 1980 situation. I'll buy on supply and demand not on manipulation. The way it moved today is not normal by any means. So for me it's a wait and see game now. A few friends are buying up all they can now saying this drop is what they were waiting for but something doesn't smell right to me. I may kick myself for waiting but I have to go with my gut.