Traders are increasingly bidding up silver, platinum, and palladium as they look to bridge the widening gap between gold's record-setting outperformance and the other precious metals' lag.
The market really hasn't given up very much when you look at it visually. On a short-term basis, you have a higher high and a lower low — that is not a trend.
When we look at the gold market, you're up two and a half percent. When we take a look at the action, you've got higher lows and higher highs. That is bullish.