I was literally about to call that exact number, and exact reason. It’s logical because that’s the last major support USD silver has had. My goodness what a drop it’s had!
Last support level, and about a similar sharp drop level percentage. The market doesn't care if the miners can't make a profit at that level (supposedly).
Thankfully I bought my unallocated over the weekend. Bullion Now has pulled unallocated silver offline for the time being. If I find the cash I will ring up and get some more during the week (if they sell me any).
Closure for 24 Hours Due to unprecedented demand we have had to close our shop until tomorrow 17th March, we are taking orders over the telephone. Our system has had to close due to extreme volatility and supply bottlenecks. (on one dealer online)
it could be a turning point, but from screen I don't have any confirmation (free page anyway) my tools are dull, need better engine to tell