Perspective on the Silver Crash

Another large scale silver crash, "well the bubble" has popped, I heard today.  Nothing could be further from the truth.  The last time the 200 day was breached for any significant amount of time was during the crash of 2008 into early 2009 where we say the best entry point for silver in decades.  We have reached another point where a buying opportunity has come to the forefront of my mind where it is an obvious "back the truck up" type of moment.

Let us keep in mind the 200day moving average is now around $36.00, while at the time of the May silver crash, the 200dayMA was around $27.50

Weekly Relative Strength Index is now just starting to show it's third buy signal since the end of 2008, a major long term indicator.

More later.