What's going on with silver today?
 

down over 10% today, never seen it bounce around like that. Any non kooks have any ideas as to why?

Gold is getting hit with news as well as it broke some major levels last week so it is correcting. Silver is going with it.

Maybe Cyprus selling their reserves to finance soaring bailout bill

Hack attack on silver exchanges

.

Klondike is closed.

ok what happened to silver ive not looked in a while and down to $781 for a 1 KG bar? im sure it was 1K for a 1KG bar not so long ago.

Silver goes as gold goes.

i got this in an email from my silver mint i use

The amount of Paper Silver being used to drive down the price right now is HUGE! In the last two days 5,790,000 contracts @ 5000 Ounces per contract = 28 Million Ounces. The annual mined supply globally is 70-80 Million Ozs only and we've just seen 16% of the US annual supply collapse in the mine in Utah. Just in the time its taken to draft this post, 30,000 contracts have been added. THE BANKSTER PANIC RIGHT NOW IS AT RECORD LEVELS. The aim here is under $22 perhaps even under $20. And over at eBay.com.au right now 1 Oz Kooks are selling for $45. Thats a $23 premium. WOW!!! Contract count is now up to 5,908,000. Better post this before it hits 6,000,000 :-)


What sucks is im in a sell position right now. I am selling off half my silver ( well maybe not now ) on the 1st

you think its going to keep falling though?

nice. i cashed out a silver coin collection in february. looks like i sold at the right time.