From
Mike Hammer: Silver's impressive
run-up came to a halt last Thursday when some good news about the
US-China trade war hit the Twitterverse. (We've
given our opinion on that already, so we'll just move on.) You'll remember our adage about drops hitting 3x as hard as rises - well it wasn't true in this case. The last 3 trading days brought a drop equal to the previous 6 up trading days, so the drop was only 2x as sharp. But for those who bought in during the last few days of the run-up it probably felt 3 times as bad. Here's the chart for SLV, the most popular unleveraged US ETF for silver.
