Anyone still thinking that this is a 'large hedge fund' selling their position at a 30-40% loss is in LA LA land. If there was ANY other commodity even REMOTELY close to this "LIQUIDATION" I would be okay with this and accept it as "I'm wrong." I've never seen anything like this.
The worst that can happen is it goes to zero. I Guess everyone and their family members could pick some up really cheap at zero.
So, I guess the $5 trillion dollars that was printed, the world on the verge of collapse, and everyone ready to ramp up the printing presses means nothing. While China gets rich scooping up all the PM's, North Americans sit around and watch the X factor and get high.
Welcome to the big leagues folks.
In inflation adjusted terms, silver now has a negative number to it. Meaning- someone has to pay YOU to buy it if we were back in 1980.