Silver Prices Bounce Higher After Futures Manipulated 7{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} Lower In Minute

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by Mark O’Byrne, GoldCore:
– Silver prices ‘flash crash’ before rebound
– Silver hammered 7{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} lower in less than minute in Asian trading
– Silver fell from $16 to $14.82, before recovering to $15.89
– Silver plunge blamed on another ‘trading error’
– Gold similar ‘flash crash’ last week and similar recovery
– Hallmarks of market manipulation as $450 million worth of silver futures sold in minute
– Trading ‘errors’ always push gold and silver lower. Why never higher?
– ‘Flash crashes’ increasingly frequent in precious metals, yet rarely happen in stocks and bonds
– Rapid recovery from frequent raids bodes well for precious metals
– Silver coins and bars accumulated on dips by ‘stackers’

Silver prices got a bit of a jolt this morning when spot silver had yet another so called ‘flash crash’ and fell by between 7{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} and 10{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} before recovering and bouncing sharply higher to not far below where the attack on the price began.

In a repeat of what happened to gold last week, a bout of massive selling hammered silver prices lower momentarily. Having hit an early session high of $16.18/oz, the spot silver price fell from $16 to as $14.82 in less than a minute. The price recovered as quickly as it crashed, rebounding to $15.89/oz.

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