In last night's update, I explained that silver, platinum, and palladium were quite overbought and vulnerable to a pullback, and that's what we're seeing today with silver’s $10 decline from its peak:

thebubblebubble.substac…

I urged leveraged traders to be cautious, but said that unleveraged long-term bullion investors should not be spooked or shaken out by the likely pullback to come.

Volatility is extreme in the short-term, but that does not change my long-term bullish outlook on silver, platinum, and palladium.