SLV & GLD up nicely percent-wise and on significant above average volume. SLW finishes day in the green but pulled back on well below average volume. PM headlines all over the map: "bearish options activity" early this a.m. followed by: "Gold Surges on Technicals" and noon and "Gold Sharply Higher on Short Covering, Bargain Hunting, Safe-Haven Demand" around 2:30.
From Jim Wyckoff at Kitco: "Also benefiting all the precious metals Wednesday were key “outside markets” that were in a bullish daily posture: solidly higher crude oil prices and a slump to an eight-month low in the U.S. dollar index."
From Reuter's this afternoon: Head of Boston Fed. Reserve Bank indicated that "Slow growth and a weak jobs market suggest the U.S. economy will continue to need support from accommodative monetary policy for years to come, making reductions in stimulus inappropriate at this point."