I heard a comment a while ago that Silver is headed back down to the 25.00 area. This is due to massive liquidation of silver to redeem the sudden drop in the price of the large ETF's - this one being the largest. So, there will be a cap on the price over the next few weeks.
Man - I wouldn't want to be on the wrong side of this baby! Most of the BIG moves happen overnight - by the time you can trade this - you are down BIG TIME! I can only imagine the margin calls that are going out today.
Very telling action around the pivots. Interesting how the RSI stays above the 50 line, when the "Force" indicator drops in August. Even the histogram peaked the same day as the Force indicator.
Food for thought!