Silver - Crash or a buy? $16 has a little resistance....
Silver has been sold off quite heavily the past few days.
This chart is showing $16 resistance and we are watching to see if sellers move in and break major support at 15.74
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Watch for weakness on the buyer's side.
I think at these prices, its always a good buy for long term holdings :) If it goes lower, buy more!!
How is it possible to trade below the cost of production?
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Flash Crash occurred at 4:07 EST
Volatility coming on.