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Schizophrenic Silver Slammed On Surging Volume

What a difference 24 hours makes. Yesterday, ECB rumors sparked precious metal buying on heavy volume. Today, more denials of ECB corporate bond buying combined with a slightly-hotter-than-expected inflation print (i.e. lower odds of Fed unleashing QE4) has sent silver (and gold) tumbling... on very heavy volume...

Silver volatility getting extreme...

 

The vol in Gold is just as wild...