Silver and Gold Crash.
An explanation which may explain the sell-down on Gold and Silver the last few days is because of the super-rally the last month.
The rally brought in a lot of retail traders, many of whom had bought through leveraged borrowings. These retail traders are usually weak holders who are affected when there is a whole market sell-down.
They would be the ones who are selling down the prices now.
But once they have been disposed off, Gold and Silver will be back with a vengeance. I give this a few days. Maybe a week.
Hold on and do not be forced out unnecessarily.
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