Silver squeeze nears end game, says TD analyst

From mining.com

The recent rally in silver prices could soon reach a climax, according to TD Securities, as the bank sees the market nearing an inflection point following depletion of inventory in London. In a recent note, commodity strategists led by Daniel Ghali said that free-floating stockpiles in London Bullion Market Association (LBMA) vaults have reached a “critically low level”, as seen in the rising lease rates for silver metal, which have entered what he calls “extreme” territory. This, in turn, led to a squeeze in the silver market, driving prices to levels last seen since 2011. However, according to Ghali, a ... (full story)