Here's an interesting tidbit to chew on. There is a 10% limit on silver futures, but only on the upside. If the price goes up by more than 10% in one day trading is halted. This occurred on the 29th, and is IMO the cause of the drop that day.

However a similar move to the downside only restricts trading at the 10% boundary, it does not halt it. Thus we see the 20%+ move of today.

So the rules are set up to ratchet prices down.

Fun times.

>>24195089

Another little tidbit. There was also a halt on the 26th, but on the Thailand exchange. CME implemented it's margin requirement change instead of halting trading..

My take, they tried a "soft" block on the 26th with the margin increase, when that didn't work they went to a full hard block yesterday.

The CME is dying.