‘No Smoking Gun’: Traders Search For Catalysts Amid Silver’s Sudden Slump Silver tumbled dramatically overnight after initially smashing through $80 an ounce for the first time (topping $84 at its highs), halting a near vertical recent rise driven by Chinese speculative demand. Surging Chinese investment demand has pulled the metal higher, with premiums for spot silver in Shanghai rising above $8 an ounce over London prices, the biggest spread on record… As Bloomberg reports, the blistering rally has provoked extreme measures in China’s investment landscape, with the country’s only pure-play silver fund turning away new customers after its repeated risk… — Continue at ZeroHedge News : Read More
