Image Source: Pixabay

Even though gold is barely budging right now, its younger brother silver is having a grand old time, blasting 4% higher and enjoying the power of a very long base that it has been building up.

You can see the excitement around silver represented by the tremendous growth in volume for the PSLV instrument.

It should be noted that the SLV/GLD ratio was extremely depressed and could perhaps be just in “snap back” mode to explain this rise. All the same, as a long-time silver fan, it’s heartening to see the metal get its sea legs back.

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