Gold/silver: “The manipulator behind sub $40 silver “

By Phillip Streible – Kitco News

The timing seemed almost too perfect. On Wednesday, silver was nearing the elusive price of $40 per ounce, while gold futures were on the verge of another breakout attempt. However, the largest manipulator of the silver market intervened, preventing this from happening. Headlines emerged indicating that the United States was “close to reaching a deal” with the European Union. As a result, gold prices quickly dropped by $40 per ounce, and silver retreated from $39.91, ultimately closing the day at $39.50. Fast forward to Friday: silver is down $1.70 from Wednesday’s highs and is now trading at our tactical support level of $38.21.