Exactly like last month.  January 29 ends the put up or shut up period for the contracts due in the last month.  The last three days were the tide going out seeing who was swimming naked and the scramble to find a towel.

All the (I suspect) bankers and by way of their proxy buyers who's goal is to keep their money machines from becoming useless desperately want silver to go down and keep the "tide" high, can now today relax and short silver (or swim naked) to their heart's greedy delight because the tide just swept in.

last month they dropped it from 78-79 if I recall to about 69.  

maybe its frontrunning like a day before the crop report.  IDK. The only way to not get swept out to sea is to stack on land.