Monday, December 1, 2014

That Silver Volatility

Silver is having crazy ass swings today. HOD is 16.37 and LOD is 14.22. That is a huge swing of $2.15 in a single day... and the day isn't over yet!

As intuitively predicted, both Gold and Silver got smashed on the open following the news of the failed Swiss Gold referendum.

I was expecting weakness instead of strength, so this is rather surprising to me.

Let's see how this goes. If the PM's head up, while Oil continues down, then we might be seeing a trade that isn't being fueled just by the dollar's movement and it is something more interesting than that! Oh well, continue watching then!

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