Gold and silver prices dominate the value of the Canadian dollar, and the Toronto Stock exchange. The massive sell-off in silver in May, due to margin rule changes and a perception for slower economies worldwide are impacting the value of the metals.
Silver is just 10% up for the year. It dropped 34% from its peak and is looking to find support. Look for technical traders to react more stronly if the metal falls an additional 10%.
Attached: chart of SLV. MACD and volume both show the magnitude of the sell-off.
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