by Mike Maharrey, Silver Seek:

Silver endured a significant selloff last Friday. Was this another step forward in the bull market?

This may seem counterintuitive, but GoldMoney founder James Turk thinks it was a positive sign for silver bulls.

The spot price of silver fell from just over $29.60 per ounce to just under $27 before rebounding late in the day last Friday.

The timing of the fall was more significant than the extent of the selloff. It indicates that the shorts and price manipulators in the paper market drove the selling action.