Silver Ends Week With Best Run In 3 Years

Silver closes at a 4-month high as the grey metal closes green for the sixth week-in-a-row. This is the longest winning streak since the highs reached in April 2011 as safe-haven buying and CCFD unwinds are squeezing the shorts and dragging Silver +10% year-to-date (just behind gold).

 

Silver is +15% from the early June Qingdao China ponzi fraud discovery...

 

Chart: Bloomberg