Commodity Prices

Gold •470 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,684.40	-70.70	-4.03%
WTI Crude •11 mins	56.82	-0.64	-1.11%
Gasoline •11 mins	1.799	-0.013	-0.70%
Ethanol •470 days	2.161	+0.000	+0.00%
Silver •470 days	30.82	+1.16	+3.92%

Silver • 470 days	30.82	+1.16	+3.92%
Copper • 470 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	60.39	-0.67	-1.10%
Natural Gas • 11 mins	2.920	-0.018	-0.61%
Heating Oil • 11 mins	2.128	-0.026	-1.20%

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Erik Swarts

Erik is an active trader, who has always taken a broad perspective when approaching the markets.

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By Erik Swarts - Aug 16, 2011, 1:33 PM CDT

I continue to believe that silver is a broken market searching for significantly lower prices. From my perspective, the window for the next leg lower is wide open and upon us.

Whether the currency market breaks first or in concert with the precious metals market is anyones guess at this point. But the proportions going into this move have been extreme and will likely be commensurate on the backside.

Silver vs Dollar
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