Stocks were off to the races today, after yesterday's sharp decline.

Wash - rinse - repeat.

Gold and silver rallied, which is a bit of divergence of its recent inverse correlation with risk assets.

The Dollar chopped sideways but finished slightly higher.

The VIX continued to decline as trading with risk becomes more complacent. 

So why the divergence with the precious metals?

Let's keep in mind that Monday the 28th is a fairly important option expiration for the April futures contract on the Comex.

So let's see what happens, especially in light of the fluid geopolitical risks.

Have a pleasant evening.

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