Gold and silver launched vertically on Thursday’s COMEX open, as Europe’s bitcoin hysteria in the wake of the Cypriot wealth tax appears to have finally spread to the only true safe haven currencies, gold and silver.
Silver sliced through $29 and jumped nearly to $29.50 immediately, while gold jumped to nearly $1620.
After continual capping throughout the overnight Asian and London sessions, silver exploded to the upside once resistance at $29 was taken out:
Similarly, gold made a 2-step vertical move to the upside after $1610 was breached:
MARCH 21, 2013 BY THE DOC – Silver Doctors