🏆 Today's Chart of the Day was shared by Sam Gatlin (@sam_gatlin).
- Silver stood out today as risk assets rebounded across the board, with futures jumping +4.5%, for its third-best session in the past year.
- The metal hit record highs last month for the first time since 2011 before swiftly correcting -13.5% and retesting the breakout level around $48.
- Sam notes that silver recaptured the AVWAP from its peak today as buyers regain control. Gold did the same, and both metals are significantly outperforming stocks this year, with Silver up +72% year-to-date, Gold +56%, and the S&P 500 +17%.
The Takeaway: Silver is resolving higher again after digesting a sharp but orderly correction, putting a multi-year breakout back in play.
