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SLVO - Fed Considers New Interventions As Bond Markets Tumbles
Credit Suisse X-Links Silver Call ETN IOPV
As financial markets sold off this week, precious metals got dragged down in the selling. The culprit, once again, was rising bond yields.
Despite inflation showing up in oil prices and elsewhere in the economy, gold and silver trading markets aren’t really reflecting that reality at this time.
If gold and silver equities continue to display relative strength versus the broad market averages, that would bode well for precious metals themselves.