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Silver traders rush bars to London as historic squeeze rocks market
By Jack Farchy, Jack Ryan, Yihui Xie, and Veena Ali-Khan
Bloomberg News
via Yahoo News, Sunnyvale, California
Saturday, October 11, 2025
The London silver market has been thrown into turmoil by a massive short squeeze, driving prices above $50 an ounce for only the second time in history and stirring memories of the billionaire Hunt brothers' notorious attempt to corner the market in 1980.
Benchmark prices in London have soared to near-unprecedented levels over New York. Traders described a market where liquidity has almost entirely dried up, leaving anyone short spot silver struggling to source metal and forced to pay crippling borrowing costs to roll their positions to a later date.
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And the squeeze has become so dramatic that some traders have rushed to book slots in the cargo holds of transatlantic flights for bulky silver bars -- an expensive mode of transport typically reserved for more valuable gold -- to profit off the massive premiums in London.
There's no modern-day equivalent of the Hunt brothers trying to corner the market today, traders and analysts say, pointing instead to a combination of factors that have sent prices soaring. But the chaos of the past two days bears many similarities with the 1980 squeeze, and in some ways is even more extreme.
"I have seen nothing like it ever. What we are seeing in silver is entirely unprecedented," said Anant Jatia, chief investment officer at Greenland Investment Management, a commodities hedge fund. "There is no liquidity available currently." ...
... For the remainder of the report:
https://finance.yahoo.com/news/silver-traders-rush-bars-london-104741282.html
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