CDS Charges Forward

For the past 18 months, we've watched Comex Digital Silver reach the $26 level, only to succumb to a surge of selling and fall back. The same thing happened at $26 two weeks ago. But a funny thing happened this time.

Yes, price fell backward but it actually held support near $24.50. It seemed it might be in an actual genuine uptrend and not just stuck oscillating in the same old trading range. So when it began to move higher again this week, optimism grew that another stab at $26 was coming and we reached that level yesterday.

What happened next has been somewhat...

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Key Economic Events Week of 7/22

7/23 10:00 ET Existing Home Sales
7/24 9:45 ET S&P July flash PMIs
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7/25 8:30 ET Durable Goods
7/25 1:30 ET Comex option expiry
7/26 8:30 ET PCE and Core PCE
7/26 8:30 ET Personal Inc and Spend

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