by Keith Weiner
Another week without much major price action, gold +$16 and silver +$0.12. At least if you look at the closing prices. However on Monday after New York market hours, there was quite a spike in silver. The close was $17.46. The price was up 10 cents by midnight in New York. By the morning before the open on Wednesday, the price was up another 20 cents, to $17.77.
We’re pretty sure that it had nothing to do with leaked emails from Hillary Clinton. However, it might have had something to do with the housing starts data release. Whatever the cause of this speculative wave, it was over by late Thursday.