Commodity prices recovered overnight Thursday in spite of the dollar continuing to gain ground against the euro.
Gold is up $0.50 to $1,755.10 and silver is up $0.10 to $34.07, for a silver/gold ratio of 51.5.
Commodities fought back against the selling, even as the dollar continued its run against foreign currencies. Platinum, palladium, copper and crude oil were all higher by margins that were surprising considering the exchange rates.
These price moves make sense if you believe the selling earlier in the week was rooted in panic about Europe’s...