The Gold, Silver Morning Smackdown Becomes A Smackup As Surge Continues

Tyler Durden's picture

After recovering 50% of its record plunge last night, gold continues to rise this morning, topping $1450. Silver is even more exuberant this morning testing up to post-crash-low highs around $23.90. What is more interesting is that for three days in a row, instead of the seemingly ubiquitous morning smackdown of precious metals, we have seen a sudden desperate demand for silver and gold in the US morning.

 

 

Silver is lagging gold's recovery for now...

 

Charts: Bloomberg