Silver Purge As Stocks Surge

Tyler Durden's picture

It seems the mere opening of the US equity markets is enough to spark renewed excitement over the fact that Europe's GDP data must be troughing right - or Japan's? Whatever it is, Silver (and gold) is getting monkey-hammered as Stocks surge on negligible volume... FX markets not so much; Treasuries not so much; credit not so much; Oil not so much...

 

Smells to us like whatever it takes to run up to overnight highs and take some stops in ES...

 

 

and stocks in a world of their own relative to risk-assets almost total lack of excitement...

 

Chart: Bloomberg and Capital Context