Silver takes a hit in Hong Kong trading

Silver has just been smacked down below $30 in Hong Kong trade, which is unusual as smack downs tend to only occur in London and New York trading hours (gee I wonder why). Trade in Asian exchange hours typically moves the price sideways or higher as Asian based traders are largely acting on behalf of clients who accumulate Gold and Silver vs. traders in the West who represent those who prefer to sell, particularly those who like sell the market short.

Charts from goldprice.org