Silver Targets $40 As Palladium Jumps 5%+ Putting 42 Hedge Funds Into Dire Straights (Masses Ignore This Leg Up)

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This morning gold prices are ticking up again, but Friday saw a big rally in the metals complex, while gold went up, the real action was in silver that rallied to close over $38 an ounce, for a new high for the year, while the price of palladium completely exploded for a 5% plus gain, putting 42 hedge funds still short that that metal in the futures market into dire straights.

First here is a chart of SLV, a silver ETF.