After trading earlier this morning down to $7.41 (-.31) agains the backdrop of lower gold/silver prices, we have just turned positive at $7.76 (+.04). This recovery despite the fact that metal prices took another hit right at the CRIMEX close with silver dropping to $31.80 (-$1.12).

Yesterday appeared to involve short-covering of AUMN with above average volume as the metals recovered the Sunday night assault. Today, despite weaker metal prices there appears to be a continuation of short-covering of not just AUMN, but many of the miners (large and small).

Whether this is the start of something bigger like a reversal of the frequently-noted long metal--short miners, remains to be seen. We obviously need more evidence.

Silverbull50