Where might silver bottom?

Don't bother asking why silver dropped 7.4% in one day on no volume and no news. The answer is always 'technicals,' 'correlation algorithms,' or 'US bankers.'

For now I think that 24-25 will be very strong support if silver falls that far, based on the following five charts. Also the COTs are very bullish; JPM isn't adding new shorts. Gold and silver are both oversold on the RSI right now.

Disclosure: Long physical gold/silver.

Loading...