Silver is still a 'bit cheap' compared to gold, but not as much as it had been with a gold/silver ratio of 68.
Interestingly the Sprott Silver premium still lags Sprott Gold.
FOMC tomorrow. The metals are in kind of a 'lockdown.'
“Some economists, when thinking about long memory, are concerned that it undercuts the Efficient Market Hypothesis that prices fully reflect all relevant information; that the random walk is the best metaphor to describe such markets; and that you cannot beat such an unpredictable market. Well, the Efficient Market Hypothesis is no more than that, a hypothesis. Many a grand theory has died under the onslaught of real data.” Benoît B. Mandelbrot