The last 3 days have seen silver prices surge over 6%, testing back towards the psychologically important $16 level.
Having been pressured lower after the ECB bounce, the precious metal jumped perfectly off its critical 200-day moving-average, nearing the highs of the year once again.
It appears some of the recent driver is the largest unwind of commercial hedges since November…
via Zero Hedge http://ift.tt/23pafRD Tyler Durden