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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Silver Surges Most In 6 Months As Hedgers Cover

posted on Apr 11, 2016 01:55PM

Silver Surges Most In 6 Months As Hedgers Cover

Submitted by Tyler Durden on 04/11/2016 12:38 -0400

in Share1

The last 3 days have seen silver prices surge over 6%, testing back towards the psychologically important $16 level.

Having been pressured lower after the ECB bounce, the precious metal jumped perfectly off its critical 200-day moving-average, nearing the highs of the year once again.

It appears some of the recent driver is the largest unwind of commercial hedges since November...