RE:Why? Ekatimine.. I can't give you a definitive answer but here's some of my thoughts:
I know there are many who dispute that the central banks and the fed are controlling the markets and especially silver...
But there is so much evidence out there to suggest they have been holding silver down for a very long time and I for one have no doubt it's true.
One example of the evidence is that silver is THE ONLY commodity on the planet that has never made new highs SINCE $50 IN 1980 !! That is basically all the evidence required in my book! There is basis for this, silver has been one of the most needed metals as we entered the tech age and it's uses are increasing by the year.
I could write a book about this subject and others have already done the job way better than i could so enough of that.. for me the evidence is blatent even in the charts of silver.. as per yesterday.. no rhyme or reason for the carnage over the last few days except for the lies pushed out by controlled media.
Enough I said already!! :)
I doubt it will stay down for long and it just may be the final smash before a new much greater move coming soon enough.. and as i see it it looks like it could be forming a double bottom which means it could go down to around 21.50 before it bottoms?.. also it could quite easily start to move up anytime soon..who knows?
Whatever the case, I for sure will not be selling even though I am now in the red which in my book is par for the course. Meaning no way will I sell a single share.. Also dont lose sight of the fact this dip has nothing to do with company fundamentals. It is simply noise.. which means a great buying opportunity!
GL