by Steve St. Angelo
While the indicators last week suggested a higher silver price this week, it looks like the overdue correction has finally begun. We shouldn’t be surprised to see a correction in the silver price as it doubled in less than three months. However, it does seem as if the corrections are much more extreme… as the last gains over the past five days have now been erased today.
Regardless, the underlying fundamentals for precious metals are very strong. I posted this chart of the U.S. Currency in Circulation on my SRSrocco Report Twitter Feed this morning: