All articles tagged with #london market
Originally Published 3 months ago — by Yahoo Finance
Silver prices surged to decades-high levels due to a historic short squeeze in London, driven by liquidity concerns and increased demand, with prices nearing record highs from 1980, while gold and other precious metals also saw significant gains amid broader market stresses and geopolitical tensions.
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.