Looks like the death drop to $86.41 in silver has given the LBMA a chance to cover some of those sinking contracts. We’re back above $91.
That also keeps that paper/physical gap in the $6-$8 range. We’ll see if that holds up.
Early trading in the shares not really showing any damage, shares are mostly flat or down a smidge. Course they should have been up huge yesterday and weren’t, so it almost makes a little sense.
Gold only down $9. Looking pretty good for a pullback. I’m wondering at what point silver and the other metals slow down, while gold starts up again in earnest.
