WTH? Metals getting all their gains back from yesterday. Silver a little extra after yesterday’s shaking of the tree.
The big question is whether the shares will get their gains back as well. Pre-market says probably not.
DIA and QQQ are bouncing a little, dollar down 10 bips, rates flat, Bitcoin has recovered back above $81K from yesterday’s low of around $76K. Oil up 1%.
No clue what’s going on here. Not complaining but the move up in the metals, especially silver, is unexpected. Silver spot at $32.70, blowing right through $32.50. I want to see the shares get all their gains back though. Yesterday was BS.
I can imagine a lot of shorts will get caught off guard in the SM today, but will they in the pm market?
Still another hour and a half until the Crimex opens. Just never know.