"Silver prices briefly tumbled early in Friday’s Asian trading session with futures plunging nearly 10%, likely due to a trading error, before quickly reversing most of that decline.
There have been numerous instances in recent years of a buy or sell order being entered for an asset—be it stock, commodity or bond—at a wrong price, resulting in subsequent trades reacting to that incorrect entry. The end result is typically brief market tumult.
“It’s a strange one,” said Stuart Ive of OM Financial about silver’s swoon. It occurred just after 23:00 GMT at a time of the global trading session when there is little volume. By then, U.S. activity has wrapped for the day—it was 7 p.m. Eastern time—and Asian trading has yet to start in any significant measure.
Silver SIU7, -0.93% fell from just over $16 per troy ounce to around $14.30 in moments before nearly as quickly getting back to $15.80. Comex silver futures were recently down 0.8% at $15.86.
If the drop “had real volumes behind it, [prices] would not have bounced back so quickly,” added Ive. “It suggests trading error rather than anything more serious at this point of time.”
Such BS, the banksters do this on purpose to stop people out of their positions, then call it a "glitch" or "fat fingering". Ridiculous to watch these so called experts scratch their heads, either they are really that stupid or totally complicit. In either case, we can continue to buy at low prices, so by all means continue with your little puppet show while we stack silver!
Agreed ... they do it with massive paper contracts whizzing back and forth between the banksters. The volumes are ridiculous. Make the rat bastards deliver actual silver and watch the scam come tumbling down.