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Silver roars higher as short squeeze rocks the London market
Sybilla Gross and Mark Burton
Bloomberg News
via Yahoo News, Sunnyvale, California
Monday, October 13, 2025
Silver hit the highest in decades as a historic short squeeze in London intensified, with a fresh surge in prices adding urgency to a worldwide hunt for bullion that could alleviate the mismatch between demand and supply.
Spot silver climbed as much as 3.1% to near $52 an ounce, exceeding last week's peak, while gold surpassed $4,070 an ounce, building on a record-breaking run of eight weekly gains. Platinum and palladium also surged, amid signs that market stresses caused by surging investor demand are starting to spread to other precious metals.
... Dispatch continues below ...
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Thursday, October 9, 2025
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Concerns about a lack of liquidity in London drove silver closer to a $52.50-an-ounce record from 1980 -- set on a now-defunct contract on the Chicago Board of Trade exchange. Benchmark prices in London have soared to near-unprecedented levels over New York, prompting some traders to book cargo slots on transatlantic flights for silver bars -- an expensive mode of transport typically reserved for gold -- to profit off the massive premiums in London.
Silver lease rates -- which represent the annualized cost of borrowing metal in the London market -- surged to more than 30% on a one-month basis on Friday, creating eye-watering costs for those looking to roll over short positions. Lease rates for gold and palladium also tightened, signaling a broadening pull on London’s bullion reserves, following a rush to ship metal to New York earlier this year. ...
... For the remainder of the report:
https://finance.yahoo.com/news/silver-roars-higher-short-squeeze-033036942.html
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