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Oil Just Crossed $100. Silver Didn't Flinch. That's the Story
While Brent crude surged 50% in ten days, silver sat quietly at $84 — coiled on top of the worst COMEX delivery crisis in exchange history. Oil crossed $100 a barrel on March 9 for the first time since 2022, then kept going, briefly touching $119.50 before settling around $108. The Strait of Hormuz, through which 20% of the world's oil flows, has been effectively closed since the US and Israel launched strikes against Iran on February 28. Kuwait, Iraq, and the UAE are cutting production because they've run out of storage. The new Supreme Leader, Mojtaba Khamenei (the slain leader's son and an IRGC hardliner) was ... (full story)