Unsavory and speculative interests got into the markets for the metals. Silver, especially, got played. Similar to what happened to nickel a few years ago, and platinum and palladium...
After screaming through $100 and then $110, hitting an all-time high peak of $121.64, silver turned tail and collapsed almost 31% in a mere two days to $84.20, going through $100 again..
In a recent episode of the Money Metals Midweek Memo, host Mike Maharrey argues that gold near $5,300 and silver around $115 are not just headline prices but warning signals.