I guess it makes sense that the SM reverses the most in four years today. The jobs report is screaming “more QE!!”
As for poor old Harvey, he made the mistake of believing CME reports, now we get the biggest move in silver in a couple of years and he makes another prediction about the shortage and collapse of the silver market. Participants only allow you to cry wolf a couple of times before they flush you.
Nonetheless, it’s nice to see pm’s act the way they should after a dismal jobs report – if only for a day…..