London's Silver Problem Is Distressing Global Silver Availability | Metals Mine

  • London's Silver Problem Is Distressing Global Silver Availability

    From jensendavid.substack.com

    As silver’s price has continued to storm higher, traders flummoxed by the lack of a meaningful price pull-back or consolidation to date are missing a key point: the intense global run into physical silver appears to be underpinned by London cash/spot contract holders departing the City of London’s Silver Market and seeking physical silver delivery in other markets. The departure of holders of claims parked in paper silver promissory notes into securing physical delivery in global markets that have available physical silver is rapidly stressing the global silver market due to the sheer scale of London’s ... (full story)

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