April 21 AM: Once again we see silver having a pullback to or below the previous resistance point. Bulls must be aware that silver “always” does this. We are using a chart of SLV to show this current pullback.
These corrections can be deep and long lasting, or shallow and brief. We suspect that this is collateral damage due to trader/fund distress over the collapse of crude oil. Many market participants are facing margin calls and are forced to sell everything.