Forbes predicted at least a 10% sell- off in gold and silver last week.
Weaker crude oil prices are also limiting buying interest in gold and silver this week.
Chart damage has also occurred in silver this week as prices fell to a seven-week low Wednesday.
It was the worst of times for gold and silver this week.
FORBES: Silver Down 30%, Gold Off 11% As Panic Hits Precious Metals
The gold futures and widely held gold and silver ETFs made new highs for the year this week as silver continues to lead gold higher.
March silver prices Tuesday hit a four-week high as silver bulls have the slight near-term technical advantage.
FORBES: A.M. Kitco Metals Roundup: Gold Near Steady amid Quieter Market Place this Week
Some near-term technical damage has been inflicted in the gold and silver markets this week.
Near-term technical damage has been inflicted on the gold and silver charts this week.
FORBES: Comex Gold Firmer On Some Tepid Short Covering, Bargain Hunting
The stronger dollar has also been a limiting factor for upside moves in the gold and silver markets this week.
FORBES: A.M. Kitco Metals Roundup: Gold Slightly Down; Little Reaction to China Economic Data
While the Comex gold net long declined for both gold and silver over the week leading up to this, so did prices.
FORBES: CFTC: Large Speculators Cut Gold Net Length As Traders Add Short Positions
The multiple hikes of margins on silver by the CME Group finally reached the tipping point last week, as silver (and most of the other commodities) crashed.
In just one week, silver plunged about 31%, gold declined 7%, oil plunged about 17%.
Fresh technically related selling has hit the gold and silver markets hard this week.
FORBES: Comex Gold Lower, at 17-Week Low, on another Commodity-Bearish Risk-Off Day
Safe-haven buying interest has resurfaced in the gold market, and even in the silver market, this week.
FORBES: Gold Weaker on Corrective Pullback, Bearish Outside Markets
Gold via the GLD is up 3.3% for the week, silver via the SLV is up 9.3%.
FORBES: Troubling Times Ahead As Euro Politicos Finally Finish Vacations
That, in turn, has spilled over into some selling pressure in gold and silver markets early this week.
FORBES: P.M. Kitco Metals Roundup: Gold Ends Weaker amid Bearish "Outside Market" Forces
Meantime, the silver market bulls this week have also gained good technical strength.
Last week, Silver tried to force the Assembly to consider expelling Lopez, a veteran Brooklyn Democrat, by conducting a review of the investigations.
The prices of metals like copper, gold and silver have rebounded this week after slumping for the first three months of the year on waning demand.
Last week Jessica Silver-Greenberg and Ben Protess at the New York Times DealBook catalogued the trials and tribulations of JPMorgan and, in particular, its CEO and Chairman Jamie Dimon.
FORBES: JPMorgan Chase Still Haunted By Foreclosure Reviews, And More
September silver futures prices this week produced a big and bullish upside breakout from a sideways and choppy trading range that had been in place on the daily bar chart.
FORBES: Gold Weaker on Corrective Pullback, Bearish Outside Markets
Silver rose strongly this week and outperformed gold.
FORBES: METALS OUTLOOK: Higher Gold Prices Seen For Next Week As Iran Tensions Lend Support
Silver has outperformed gold this week, rising with the other industrial metals.
The biggest title this week is Fantastic 4: Rise of the Silver Surfer followed by Knocked Up which was 1st last week.
ENGADGET: Nielsen VideoScan High-Def market share for week ending October 7th, 2007
Finally, it is really shocking that the BBC chooses to air such a blatant attack on Pope John Paul during the week of his silver jubilee.
The silver market dominated the news last week, as many are trying to pick a top.
December silver futures bulls had faded last week but have regained some upside near-term technical momentum.
Lisa Callaghan then went on to claim Ireland's fifth medal of the week when she took silver in the F37 javelin event.
Heroes like the seven service members who last week were awarded the Silver Star for valorous acts more awe-inspiring than anything Hollywood could have conjured.
The gold and silver bulls have had a good week as prices late this week have hit four-week highs and both markets have gained near-term technical strength.
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