Silver's massive daily surge

Troy Bombardia
2020-07-22
Silver is rallying, and news outlets have attributed this to fresh stimulus. Regardless of the reason, silver logged in a massive gain yesterday that was only matched by a few other days in the recent past.

Silver is rallying, and news outlets have attributed this to fresh stimulus. Regardless of the reason, silver logged in a massive gain yesterday that was only matched by a few other days in the recent past.

When silver gained more than 6.7% in a day while at a 1 year high, it tended to lose most of its gains over the next 6-12 months.

As for gold, this wasn't a consistently bullish or bearish factor over the next 6-12 months:

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