A few quick thoughts on the weirdness:
- Nobody really knows what's up. Querying around, nobody has any solid sense (yet) of what's driving the decline. There was no particular news that would seem to be feeding into this.
- Silver is a major standout. Gold isn't moving the same way. Other commodities are down a bit, and the dollar is up, but not on the same scale.
- US futures remain higher. This is a big surprise, given how consistently silver has traded in the same direction as equities.
