NFP Smashes Expectations at +288k, Metals Smashed Again

After melting up throughout the overnight Asian and London sessions, gold and silver have just been dropped down the proverbial mine-shaft once again, as the April NFP release by the BL(B)S: 

  • Jobs + 288k
  • Unemployment rate drops to 6.3%

All hail the recovery!

 

Silver finds initial support at $19:

Gold finds support at $1280: