Another surprise day...this time with the NYAD rising from a bearish .20 one hour prior to the close to a closing value of 1.07. Blame the pension funds once again trying to avoid cash.
Tomorrow is December options expiration so we may see volatility once again as rollovers surge and traders try to pin the close. Meanwhile our longer term silver (SLV) calls close out tomorrow for a nice gain over the past few months.