Gold Daily and Silver Weekly Charts – Though the Darkness Hide Thee

from Jesse’s Café Américain

[…] Gold and silver held their own reasonably well in the face of a powerful technical rally in US equities, a ‘risk on’ moment wherein there was a rush to paper assets, led by gains in big financials and tech unicorns.

There was minimal delivery activity in The Bucket Shop yesterday, not even worth reporting. There was a little shuffling of bullion in the warehouses; silver continues leaking out. And it bears watching, because the central banks do not have any.

The US doleur du monde continued to add a little to its rally, as noted in the chart below.

Have a pleasant evening.

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