Gold continues its steady march higher, trading up $15 overnight and touching the $2,680 mark.
Silver, meanwhile, has shown more strength this week and currently trades near its highs above $32 from earlier this year.
A decisive break above $32.50 for silver could draw an inflow of new buyers that puts the "poor man's gold" on a path toward its next major technical levels of $35 and then $37 per ounce.
The demand behind recent rallies in gold and silver originate from outside the U.S. The stock market's impressive (inflation-fueled) gains appear to be distracting folks from what's unfolding in the precious metals.
Premiums on gold and silver coins, bars, and rounds remain at multi-year lows. Inventory is plentiful, and order shipping times remain immediate at Money Metals.
Meanwhile, Money Metals' massive new depository – with vaults twice the size of the U.S. Bullion Depository at Fort Knox – continues to attract media attention in North America because of what it signals about the trajectory of current and future demand for sound money.
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