Silver prices also spiked – iShares Silver Trust (NYSEArca: SLV) rallied nearly 6% in morning action. The ETF climbed above its 50-day moving average.
PowerShares DB US Dollar Bullish (NYSEArca: UUP) dropped more than 1% as the greenback weakened against rivals. The dollar ETF has benefited recently from the safety trade and the Eurozone debt turmoil.
In stocks, SPDR S&P 500 ETF (NYSEArca: SPY) climbed 1.2%.
iShares Silver Trust
Chart source: StockCharts.com.
Full disclosure: Tom Lydon’s clients own GLD, SLV.