Silver Catching Gold's Cold?

Silver is now down around 6% on the week as it reverts back in line with Gold's recent weakness. Whether this is broad asset/collateral liquidation from AAPL holders or a reaction to the liquidity spigot being turned off is unclear but while we need 'weakness' in equities before the next printfest begins, its inevitability suggests buy-the-dip in PMs may be the play once again. Meanwhile, WTI just lost $105 as the Brent-WTI spread holds around $17 (upper end of recent range) as the USD pushes higher.



Chart: Bloomberg