Silver Surges To 8-Month Highs As Hedgers Unwind

Tuesday, April 12, 2016
By Paul Martin

by Tyler Durden

Silver is now up almost 10% from its spike lows last week (up over 5% since Friday), has broken above $16, snapped 2016’s highs at $16.17 and is back at its highest since October 2015. Amid the big tumble in commercial hedgers positions, we also note the Gold/Silver ratio has plunged to 2-month lows – just as we suggested.

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