Silver continuing this am up $.52. Gold sort of floundering up $6.
Dollar is stronger, rates down 2 bips. Bitcoin bouncing, up $2K. Oil down 1/2%. PM shares steady, no big moves like yesterday yet. Platinum and Palladium are ripping.
Bitcoin came back to $101K from the highs around $111. Crypto hasn’t done much lately while silver soars.
Gold/silver ratio now in the 93 range. With gold doing nothing silver would have to get to $42 for a GSR of 80.
Captain called the follow thru for silver today and so it is. We do have a Jobs Report, but they haven’t been a guaranteed smackdown like they used to be for a few months now. We’ll see how it goes. I’m not sure I trust it this am.
