The London silver market seized last week with no silver liquidity at one point on Friday October 10, 2025 indicating the ‘free float’ of silver available to market in London is effectively near zero despite large vault holdings of silver there. This is important as the London Gold and London Silver markets are the world’s largest physical metal markets for price discovery and trading of physical gold and silver. The chaos in the London silver market is leading to coming step changes higher in the price of silver globally - and ultimately of gold. The majority of the world’s physical gold and silver transactions, ... (full story)