If this is a third-wave advance, prices should quickly rally toward the 1320-1330 area.
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The runoff on Wednesday saw the S&P/SPY tail off into the bell, leaving the SPY up only marginally for the session.
On Monday, iShares Silver Trust (SLV) closed over its 50-day moving average for the first time since March.
Inflation fears have pushed Germans to invest in luxury goods.
Here's the latest way to get your hands on the barbarous relic.