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Silver's (SLV -0.6%) 9% plunge in the first minutes of trading overnight is being linked to...

May 20, 2013 11:27 AM ETSLV, FXY, DBS, JYNFF, USV, YCL, YCS, AGQ, ZSL, SIVR, PSLV, USLVF, DSLVF, SLVO, PSLV:CABy: Stephen Alpher, SA News Editor11 Comments
Silver's (SLV -0.6%) 9% plunge in the first minutes of trading overnight is being linked to hawkish talk from Japanese Economy Minister Akira Amari who warned the yen's (FXY +0.7%) fast decline may be hurting the economy. One fails to see the connection but dollar/yen did dive along with silver and Andrew Wilkinson suggests hedge funds short the yen were forced to raise cash by bailing on stale silver longs. 

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