LIVE MARKETS-Are silver bells actually ringing at a top?
The Nasdaq and S&P 500 are up, while the Dow declines. The Euro STOXX 600 index rises, and the dollar slides. Silver has surged 65% this month, driven by a weakening U.S. dollar and speculation in precious metals as Bitcoin struggles. Mike O’Rourke from JonesTrading suggests that the current economic outlook, with a steady labor market and strong GDP growth, contradicts the debasement narrative that previously affected Bitcoin and may now impact silver.