Wheaton Precious Metals is trading 5.3% higher at $121.50 in pre-market, extending a multi-day upward trend despite a lack of fresh fundamental news or macro catalysts.
- The sharp pre-market surge appears to be driven by technical factors, positioning, and order flow rather than identifiable earnings or news.
- The broader materials sector and a risk-on market backdrop are likely providing additional support for the upward move.