USA Sends Silver Bars to London as Historic Squeeze Hits | Metals Mine

  • USA Sends Silver Bars to London as Historic Squeeze Hits

    From msn.com

    The global silver market is facing an unprecedented crisis as a severe physical shortage in London forces U.S. silver bars to be flown across the Atlantic to stabilize supply. Benchmark silver prices have surged above $50 an ounce, marking only the second time in history that the precious metal has reached such levels, recalling the infamous 1980 Hunt brothers' squeeze. According to Bloomberg, the London silver market is suffering near-total illiquidity. Traders short on physical silver are scrambling to secure metal, often paying extremely high borrowing costs to maintain their positions. "There is no liquidity ... (full story)

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