China Just Broke The Silver Market

Silver is dropping further, with talk of fraud involving a major Chinese buyer adding to the sense that a speculative bubble may be deflating, raising concerns about how much more downside silver could see in the near term.

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The selloff in precious metals, particularly silver, has extended into today’s session. One reason why, one additional reason why, we’re seeing reports of fraud emerge in heavy buyer China, including from a guy who’s apparently called “the hat.” It’s the kind of thing that usually comes up when big bubbles go up and then pop, so another sign that’s what’s happening here in the short run. Which raises another question, how far down might silver go in the near-term?

Video Length: 00:19:27


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