Silver’s 4.4% rise today – back above $21 for the first time in 3 months – is the largest single-day surge in 5 months. While gold has been making the headlines, silver has risen 11.9% with no down days in the last 11. This is the best 2-week run in 6 months as the Gold-to-Silver ratio has collapsed from over 65x to 61x today.
Quite a day for silver…
Gold-to-Silver ratio back to trend…
We suspect the almost record shorts in Silver are feeling the squeeze…
via Zero Hedge http://ift.tt/1bvJi4S Tyler Durden