Silver-Plated Signs Point to Risk Appetite

After apparently nasty shakeouts yesterday, the precious metals have regained their footing. The metals have outperformed the miners of late. Beyond that, silver is outperforming gold. When silver outperforms gold, it tends to be a better sign of risk appetite (for the market, overall) due to silver’s more acute economic sensitivity.

A daily close and hold above $33 on SLV is likely to be a major gauge of progess for silver bulls as they try to emerge from the recent correction.

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