The last 3 days have seen silver prices surge over 6%, testing back towards the psychologically important $16 level.
(Click on image to enlarge)
Having been pressured lower after the ECB bounce, the precious metal jumped perfectly off its critical 200-day moving-average, nearing the highs of the year once again.
(Click on image to enlarge)
It appears some of the recent driver is the largest unwind of commercial hedges since November...
(Click on image to enlarge)
Comments
Log in or sign up to join the conversation.