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Move over Nasdaq…Bitcoin…please. Boring, 1000's of years old as a store of value, Silver has been making the rounds this week, shooting up about 15% this week (it's Wednesday).
What's more? Gold's boring cousin Silver has rallied about 100% since the March lows (compared with Gold up 27%). What's going on - did Silver become a SAAS company in search of a ludicrous P/E multiple? No. This is overflow and unintended (or maybe intended) consequences of printing all that money for coronavirus relief. A bet against the dollar. A bet on inflation (someday). Or, a