Well overnight it broke 4.95, and immediately hit 4.97. Unfortunately, with gold being smashed overnight, silver was unable to hold 4.95 and it also got smashed all the way to 4.70.
That is a huge fall. I would suggest it's an over-reaction. But the market's always right eh!.
Gold definitely needed a pullback to set new levels of support before it continues its' uptrend.
I didn't think silver needed it though, having only bounced around are reasonably tight range for the past couple of weeks.
I maintain the next couple of weeks will be interesting.
