Silver back above $80 right now. Gold up too. Both are well off the night highs though. SM futures higher, dollar and rates a little lower. Oil up $.50. PM shares up slightly pre-market.
Kind of odd action since the war is back on.
It takes so damn much energy for pm’s to sustain a rally with all the endless selling that goes on. They never should have given back the gains yesterday into the close, but here we are back at $80, instead of $82.
Jobs report Friday. Trump needs a good one and he’ll probably get it, so this little move higher in the overnights will likely evaporate.
FWIW
| Shanghai 8 May 2026 |
AM PM |
$90.20 $90.82 |
