Right on Time - Silver Gets Smacked Down $.30 in 10 Minutes - at 8:20 AM!

In my post from earlier this morning (directly below), note that I cautioned we might see the short sellers stage a raid at 8:20 AM, as this appeared to be standard operating procedure last week.  Sure 'nuff...and since a picture's worth a thousand words.......

So, $31 has been defended for now, but I don't expect it to hold long.

BTW - gold and crude oil also got whacked at exactly the same time, though the latter to a much lesser extent.

As I also mentioned below, this should be a very interesting week in the silver market....fasten your seat belts!