Silver Smack Down!

Yesterday we noted the amazing run up in silver so far in 2012. But we also mentioned the possibility of yet another precious metals smackdown writing:
"Will it once again reach for the sky, only to be once again smacked down with a vengeance?"
That has now clearly been answered.
The reason such an outcome was so predictable is that Central Bankers don't like soaring metals prices because it makes them look bad and damages credibility.

See ya after closing bell!