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...
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and stocks in a world of their own relative to risk-assets almost total lack of excitement...
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Chart: Bloomberg and Capital Context [5]