Silver Price Crashes Below $12

Global markets remain extremely nervous despite the QE4 program announced by the Fed yesterday. Silver prices fell the victim of liquidity crunch in recent days and the price craters by nearly 20% on Monday, dropping below $12 per ounce for the first time since 2009.

It seems like a major investor is forced out of the market and needs to fire close his long trades. In 2008 we saw a similar pattern but then introduction of QE1 byt the Fed was a starting point for the metal.



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