US Dollar Flash Crash Sparks Precious Metals Surge

After yesterday's slamming efforts, precious metals are well bid this morning following the USD flash crash this morning. Silver has regained yesterday's losses and gold is hitting one month highs...

 

Silver is testing its 50DMA - recovering from yesterday's dump...

 

And gold is testing 1-month highs...

 

It is worth noting that this is happening as The US Dollar is rallying...

 

Close up right as CPI hit...

 

And @NanexLLC provides a super detailed perspective

 

Charts: Bloomberg