Silver got smashed the other day. US dollar is heading upwards. Risk off trades increasing. It seems inevitable that PM's will head south. I'd say mid to high 7's will find support before heading upwards again......that my opinion anyway.
Just thank the powers that be you have an opportunity to buy physical at sale prices now because the probability Silver will be higher in 6 or 12 months is way way higher than the price being lower.
On another note.....I reckon everyone is also watching AAPL as a canary in the coalmine for a general market correction. 2 red days in a row are making everyone nervous hence the risk off trades and back into the USD.
AYN Price at posting:
5.0¢ Sentiment: Hold Disclosure: Held