Silver wrapped up October 2025 with its highest nominal monthly close ever, up an impressive 64% year-to-date, signaling growing investor momentum. Gold Holds Strong: Gold prices stayed resilient, closing the week just above $4,000 per ounce, while the gold-silver ratio slipped to 82, underscoring silver’s relative strength. China’s Silver Stocks Draining Fast: Inventories at the Shanghai Gold Exchange and Shanghai Futures Exchange have plunged by 193 million ounces since their 2020 peak — a major structural shift. India’s Expanding Role: India imported nearly 1,000 tons of silver in September alone and is ramping up ... (full story)