Bear squeeze in silver and gold resumes

There is clear evidence this week of a massive bear squeeze, particularly in silver. In all likelihood, the correction in gold and silver might be over.

Gold and silver had a better week, with gold up $67 from last Friday’s close at $2369 in European trading this morning, and silver at $28.60 up $2.10 over the same time frame. There was a little more volume in the Comex gold contract, but silver’s was vanishingly low, as shown below.