Multiple “Tsunamis” Converge on Gold and Silver - Weekly Wrap Up (April 9, 2020)

April 9, 2020

It’s been an action packed four days, and as we head into the long weekend, gold is surging to its highest closing levels in more than seven years. In this edition of the Weekly Wrap-Up, host Craig Hemke and Eric Sprott break down all the gold and silver news you need, including:

· The “crisis of confidence” in the futures market

· The continuing economic impact of coronavirus

· Plus: Why is the silver price still lagging?

“I think precious metals are the number one topic… because the other two topics we’ll talk about—the economy and coronavirus—are sort of continuing in a particular trend, but the action in the precious metals is wild. I would say that the key change that’s happened in this last week was as the price of gold went up sharply on various days, the open interest didn’t. Which meant that the commercials were not trying to keep the price down.”