Silver Hits Record High, Surging Past US$52 Amid Historic London Short Squeeze
15 Articles
15 Articles
The silver market is in a state of emergency. Panic purchases, supply shortages and naked greed make the "gold of the little man" fly high, which even puts the Gold Rally in the shadows. Memories of a fatal bubble 45 years ago wake up.
Silver Supply Crisis Deepens as London Inventories Plunge 33%
From The Jerusalem Post A historic silver squeeze is unfolding across global markets – one that analysts say could reshape the precious metals landscape for years to come. Prices have surged past $50 per ounce, vaulting silver into territory reached only once before in history. This is not a speculative anomaly but a convergence of structural factors that together point to a profound, global shortage.
Silver reaches record on acute London shortage
SILVER surged to an unprecedented $53 per ounce on Tuesday, marking an 85% gain this year as a supply crisis in London propelled prices beyond gold’s rally. The shortage has pushed London prices $1 to $2 above New York Comex futures, with inventories at historic lows. Gold also reached a record $4,179/oz, up 59% for the year. Randy Smallwood, CEO of Wheaton Precious Metals, told the Financial Times on Tuesday the market faced acute shortages. “T…
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