Loading ...PM’s have been sort of meandering higher in the overnights, but not much. Silver was up $.11, Gold up $11
It appears someone has stepped in to buy silver in the last 15 minutes or so, it’s now up $.55. Gold still up $11, ugh.
I suspect the action in silver is related to the action in platinum and palladium, which are soaring – up almost 4% each.
Anyhoo, most things are looking up this am, as the dollar is down again for the 4th day in a row. Oil, Bitcoin, rates all flat. SM up a little – tech leading.
Gold should be doing better, but we’re used to that. They’ll try to keep the damage in silver at a minimum by keeping gold down. We see stupid stuff like that all the time.
and as I’ve typed, they just dropped silver $.20 and gold $4.
I better stop typing… 🙂
BTW – there’s a ton of eco data today. GDP, Home Sales, Durable Goods, Weekly jobs. Data has moved the needle much lately, but who knows?