Sudden USDollar Surge Sparks Silver & Stocks Smackdown
From the article:
EURUSD is back under 1.28 (for the first time since July 2013) as sustained USD demand since around 845ET has driven the USD Index up to fresh 4-year highs. Bonds are not reacting much to this significant move (for now) but stocks are pushing to the lows of the day as carry-induced euphoria is failing fast. Precious metals are sliding led by Silver.
As the dollar gets stronger and the euro gets weaker it drives the prices of commodities down. Precious metals are a commodity.