Silver is much more volatile than gold. Typically when we see a weak day for the gold price, silver has a terrible day. Likewise, if we see a strong day for gold, typically silver delivers exceptional performance. Because it's so volatile, we term it the devil's metal.
Gold and silver rose for the first time in three days on concern Greek debt demands are fueling political turmoil in Europe and Chinese buyers are adding to gold purchases before the Lunar New Year holiday.
Wide triple-digit price gyrations in equities last week left investors "scratching their heads." The back and forth economic and geopolitical data and news prompts almost immediate reaction in the markets.
Russia cut interest rates as Europe falls deeper into deflation and the New Saudi king shakes things up as crude oil prices continue to try for a bottom. Its the last day of the month so hedge funds that are massively short could take profits and try to ignore the world around them.