Yeah, I guess maybe the phyzz buying around the world is starting to finally put pressure on the prices? Seems like if it were just paper, they’d crush it like they always do. The fact that this is going on with the dollar up (and the SM down) all day is pretty amazing to me.
I’m with you though, quiet buying can go on as long as they want as long as the metals are moving up. It will just make the panic buying in the US that much stronger. At least they are being treated as monetary metals, even silver. I wonder what silver would be doing if they weren’t putting pressure on with paper contracts?
Even the miners are doing OK. Volume has picked up substantially in the last hour or two. probably option related.