ECB Inspires Large Short Term Moves
On the week, the prices of the metals didn’t move all that much. However, the move around 6am (Arizona time) on Thursday is notable. The price of silver spiked up from around $15.12 to $15.64 – 3.4% – by around 8am. Twelve hours later, the price touched $15.73 before sliding off.
We are always interested in the fundamentals, as we watch price moves. The question is always: is this speculators, betting with leverage on the silver price using futures? Or is it industrial or stacker demand for real metal?
This post was published at Acting-Man on March 14, 2016.