There is an option expiration for the precious metals on the Comex next week. It is for the month of July which is not a particularly lively month.
Gold and silver both paused today, after their big move higher yesterday. I still have not quite figured out the reason for the move, except for the obvious technical boost it had from the short squeeze.
I will let you know if I see anything to either confirm or add to the usual suspects, Argentina and rehypothecation unwind.
Have a pleasant weekend.
