A lot of people were long on gold and silver on thursday and I think that it was planned to keep the price selley today to take out stops.
Anyway, XAGUSD is down 1.75% and about 31.38 now. I think the price will move swiftly back up if buyers are there.
Join the friday afternoon free silver train long and get paid to do nothing.
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Well, I got thinking that this might be the start of a gold and silver greater correction. I know that there was one coming before end of year. Now, all fluff is on bitcoin at present and bitcoin about t ascend to the heavens, what an opportune moment to do it, to go.
I checked my weekly oscillators and they are in line with this idea as well.
I will watch the Gold and silver price very closely at end of session today. If the sly ones at gold and silver do not attempt to take price back up, ie, if silver stays down 2% for the day, then there is my cue to go short, but always with a Stop and a smaller bet.