A little copy and paste from Sunday morning's comments should explain away most of today's price decline in silver,
The only hitch in the setup at this point is retail money. Retail money with its tendency to be concentrated on the wrong side of the trade near inflection points remains relatively neutral as of June 7th (see chart below). Short side concentration by retail money would galvanize the bullish setup. Watch for it in the coming weeks.Panic drop, such as today's nearly 4% decline, will turn retail money (weak hands) from long to short and galvanize the bullish setup.
