We have liked gold and silver off the recent lows where they posted U&R moves in late March. Today we're seeing both metals launch on ETF gap-up moves in the regular session. Silver is much stronger, and the Sprott Physical Silver Trust (PSLV) is posting a BGU with an intraday low of 9.50. The strong volume, +360% for this time of the day, is very interesting as the Bidenistas propose another $4 trillion in spending, making it nearly $6 trillion in new spending since Biden took office.
Buyable Gap Up - Precious Metals
|Published:||3 May 2021 10:48 ET|
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