Silver Hits 50 Dollars, Marking Four-Decade High Amid Market Turmoil
Originally Published 3 months ago — by Bloomberg.com
The London silver market is experiencing an unprecedented short squeeze, with prices soaring above $50 an ounce due to a combination of high demand, dwindling inventories, and market liquidity issues, reminiscent of the 1980 Hunt brothers' attempt to corner the market, leading traders to urgently move silver bars internationally to meet demand and stabilize prices.