(Kitco News) – After hitting a record high last week, silver has broken below $50.91 support as the recent liquidity squeeze has eased, raising the risk of a potential drop toward the 50-day moving average near $43.85, according to analyst James Hyerczyk at FX Empire.Hyerczyk noted that traders were cashing out aggressively following last week’s record high of $54.47, sending silver prices into freefall.
