Silver Spikes Most In A Month As Gold Tops $1350

Silver is spiking this morning (up over 2.3%) by its most in almost a month as the losses suffered post-Putin’s press-conference are now largely retraced. Gold has broken back above pre-Putin levels and is trading back above $1,350 (holding above its 1-year average). Bonds, stocks, and the USD are all relatively flat this morning leaving one wondering whether the catalyst for this move is related to the Ukraine-gold rumors although we noted Swiss 2Y rates dropping once again as safe-havens are bid.

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