As we write, silver currently stands at $13.95 (£9.36) down 15 cents since Monday.
Rather perplexing especially as the UK Parliament has just voted in favour of Military Action in Syria coupled with ever increasing threats from Russia against Turkey.
We are clearly witnessing poor investor sentiment towards the precious Metals currently and one has to ask the question, how low would the silver (and gold) price be if these conflicts were not occurring?
Clearly the bear market is still in charge, and analysts are waiting for Jobs data due out shortly and Janet Yellen hinting yesterday that US rates may indeed rise this month.
It looks like traders are cautiously pessimistic at present.