Silver is up but not aggressively.
ECU is anemic, but we are used to that. Its still deflating not to see this undervalued gem catch on.


I wonder if the new administration has any part in today’s action. The fundamentals for both metals are so strong that they could take off any minute. Gold will probably lead silver at this time because gold will be bought by the rich at these levels and the not so well off will buy very little Au or go to Ag. In either case gold as a definite monetary metal should be the first to take off.
Yet, I wonder if the paper hangers are making a different argument for silver if the administration is talking to them at all. The arguments are different for the two metals, but at the bottom line it is manipulation and bastardization of free markets that is common to both.
We do seem to be seeing a difference in this administration. Gitmo and torture policy change is striking in the first few days.