It has been obvious for some time that banks in many jurisdictions are insolvent and that they are simply too big for governments to rescue. It should come as no surprise that central bankers have been considering how to deal with this problem and that they have resolved a solution.
The technical set up for silver is looking interesting. As I write this with the (SLV) at $33.60, it looks like we are just about to break the 50-day moving average to the upside. If successful, then the 200-day moving average at $35.60 is a chip shot.