Gold Daily and Silver Weekly Charts – Comex Silver Option Expiration on Thursday

from Jesse’s Café Américain

There was surprisingly little note about a dollar body slam that was laid out on silver over the weekend in the quiet hours of trading.

Gold was hit a bit, but recovered quite a bit more of it to finish almost unchanged at 1339.

Fingers were pointing to Stanley Fischer, who looked at the economy and sees employment nearly full and inflation growing to his targets.

Maybe Stanley is trying to tee up Janet for Jackson Hole, and perhaps a Fed 25 bp rate increase in September.

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