LONDON SILVER SQUEEZE: Worse than Ever Before

3 days ago
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Hello out there, before we jump into my latest 13-minute interview with CNBC India, in the face of raging silver demand currently going on there and in many other nations around the world.
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I want to start with City of London silver market establishment consultancy Metals Focus' report this week about the ongoing 1,000 oz silver bar squeeze in London.
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I am going to begin reading their report, but I will take a few breaks here and there to add further insightful silver market context.
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My interview will follow, but let's get into their report first.
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The spot silver and gold prices rose bullishly throughout most of the week's trading.
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There was one desperate overnight selloff during Hong Kong hours. and another large sell-off to end the week on an options expiry day, which is rather common, as you likely know.
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The spot silver price ended up on the week at $51.76 oz bid, and the spot gold price closed up as well on the week, ending at $4,246 oz bid.
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The spot gold silver ratio closed up on the week at 82.
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To close out this week, I want to highlight a good clip of precious metals analyst Nicky Sheils speaking with the fellas over at "The Macro Dirt Podcast" this past week.
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Followed by a fun whip around highlighting some of the craziness seen on the Silver Gold-related Twitter X feeds this week.
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That will be all for this week's SD Bullion Market Update.
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And as always, take great care of yourselves and those you love.

Source: https://www.youtube.com/watch?v=due_dFHQ9V0

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