The raging bull market in silver has turned into an angry bear. Silver is down 5% this morning and more than 30% from its high only two weeks ago. The abrupt reversal is nothing short of spectacular—to watch of course. Investors who bought physical silver, or worse yet, margined silver futures, just took a savage beating.
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Jeremy Jones, CFA is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. Jeremy is a contributing editor of youngresearch.com.