History Repeats Itself: Silver Futures Manipulation in 2011 Mimics Gold Futures Manipulation in 2008

If we observed acontinuous 48-hour chart for silver from May 10 to May 11, 2011, you would notice in Asia, on May 11, that from the previous close on the New York Globex, silver futures rose nearly +2.5% . Then, after New York opened on May 11, silver precipitously tumbled to a low of $34.87, more than an 11.4% drop from its high in Asia just a few hour…