Ira Epstein discusses the recent surge in metal markets, highlighting silver's near all-time high at almost $67 and gold's performance relative to silver.
The rally has been amplified by aggressive call-option buying and a weaker-rate backdrop, with silver now sharply outperforming gold despite growing warnings of blow-off-top risk.
Crash or sell off will be there (in gold and silver) if and only if the price trades below key support for a minimum of thirty-six consecutive trading hours.
Even if gold miraculously consolidates high again out of multi-decade extremes, it likely faces much more drifting and considerable selling back into the lower quartile of its range.
