Silver closed down almost 3.5% today near 17.50 as it continued its selloff from the blow off top at 19.62. The precious metal is down nearly 10% since September 4th. Silver had been in an uptrend since mid-June. On August 27th, silver opened at 17.63 and began rising towards the top of the channel trendline. Once it broke the rising trendline, it rapidly moved to 19.60 on September 4th. Silver opened on September 5th and reversed, selling off just as quickly as it bid up. This is called a blow-off top and many times occurs because of FOMO (fear of missing out). It then moved lower into the rising channel, thus ... (full story)