A late day rally lifts gold and silver–this looks like a technical bounce

A late day rally lifts gold and silver–this looks like a technical bounce

Traders saw an explosive move in metals last part of the day with miners in the VanECK GOLD Miners ETF (GDX) up as much as 4%, the GDXJ junior gold miners ETF up over 4% and silver juniors also showing a 4% gain. The late move was mainly a bullion-and-margin leverage rally, led by silver. Silver strengthened sharply into the U.S. close while gold turned modestly positive. To me this looked more like a sector-wide repricing and positioning move.

Financial Market Rally Leaves Gold and Silver Out

Financial Market Rally Leaves Gold and Silver Out Ira Epstein discusses the unexpected activity in the metal markets, noting the increased volume despite the lack of economic data and the occurrence of Yom Kippur. Ira Epstein Tue, 09/22/2026