Silver Screams To Best Day In 5 Months; Up 11 Days In A Row

Tyler Durden's picture

Silver's 4.4% rise today - back above $21 for the first time in 3 months - is the largest single-day surge in 5 months. While gold has been making the headlines, silver has risen 11.9% with no down days in the last 11. This is the best 2-week run in 6 months as the Gold-to-Silver ratio has collapsed from over 65x to 61x today.

 

Quite a day for silver...

 

Gold-to-Silver ratio back to trend...

 

We suspect the almost record shorts in Silver are feeling the squeeze...