Silver Flash-Crashes During Japanese Futures Open ($403.5 million in under 1min)

6 minutes after the Japanese futures open at 1:00GMT Silver plunged almost $2.00 on the COMEX From $16.14 to a low of $14.34. Nearly 5,000 contracts were sold in under 1 minute valued at $403.5 million. Is this exhaustion selling or is silver headed much further to the downside?

NMBXpEFi.png

Gold declined about $6.00 during the same time-frame touching a low of $1218.88.

A joke from Twitter:

H2
H3
H4
3 columns
2 columns
1 column
Join the conversation now