Silver Is On A Tear Today

Back over $65 tonight. Hopefully that will hold throughout the night and tomorrow.

 

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Don’t know why yet but silver and gold started straight up a few minutes ago. Peace somewhere?
Now back to our regular programming

 

Just cleared $66.00. Keep it up Baby.

 

And it lost over $2.00.

 

It's like watching a crappy murder movie where you already know the spouse is plotting to kill their sleepy beloved to collect the insurance money.

 

Up and down again. The evening market opens in 11 minutes.

 

It’s holding around $64.50 so that’s good.

 

PMs are holding serv after getting battered back in March. I'd like a slow steady rise. It's good for both buyers and sellers. Uncertainty hurts both.

 

A nice steady upward climb would be great.

 

10 year hit 4.70% today. Bond market holds sway. Higher rates trim some speculation but supply deficit will shine on silver again, soon
Back to our regular programming now

 

10 year 4.71% and climbing
Sure keeps a strong pressure holding metals down
Battle Royale against supply/demand
Faith in the USD fiat is waning
Silver now a coiled spring just waiting for lower rates

 

I agree, but lately I've been reading the FED is leaning towards being more hawkish. If inflation doesn't cool, I don't see them dropping anytime soon. I think the war conflict is the only thing preventing moving rates one way or another.

 

Peace brothers

 

‘Bond angst’ is a term that someone made today
The big dog bond market swings its tail
The silver tail gets wagged

 

And silver stops again.

 

It seems like it always goes up on Mondays lately, then down some time later in the week.

 

Absolutely no manipulation in the markets. (sarc)