Down and up is more accurate. We were getting spanked pretty good in both metals overnight, silver down $3 at one point and gold down near $100 but we’ve managed to claw our way back to positive. Not much, but at least not down.
Dollar is up a bit, rates up 3 bips, oil up $2 to $90. So, we’re lucky to even be flat.
PM shares not buying it though, most are down a little with the SM futures a little weaker.
Everything is news driven, I’m just waiting for that inevitable point where pm’s just start going up again, regardless of news. They will, and will go up even more on worse news eventually.
| Shanghai 24 Mar 2026 |
AM PM |
$74.96 $76.83 |
