SD Bullion Weekly
+$50 oz SILVER as London Lease Rates Signal SHORT SQUEEZE
Record nominal silver weekly price close in fiat USD is now accomplished.
And what is this about surging lease rates?!
Looks like London is now running into shortages of 1,000 oz silver bars.
How do we know this?Because London Silver Lease rates exploded this week to levels not seen since Warren Buffett's Berkshire Hathaway raided the silver market back in early 1998 to complete his then 129 million oz silver bullion position.
Well, for the world silver markets in 2025.
This isn't 1998, no, it's not 1980, and no, it's not some pip squeak 2011 silver bull mkt either.
RICO suave short silver commercial bank desks are unlikely to come to the rescue this time around.
Because this time, the world is in an ongoing silver supply deficit for now, some five years running, with no end in sight. To the tune of nearly -800 million oz in outsized demands on silver versus supplies in the 2020s.
And the institutional money managing momentum longs are threatening to come plowing into this silver market as we eventually blow beyond $50 per troy oz.
I find it deeply ironic that this week, when the scapegoated Hunt Brothers' names were called out yet again with half-truth tales galore, 747 cargo jets are reportedly being loaded with 1,000 oz silver bars to be whisked off to London to stem or slow the silver squeeze tide. The spot silver and gold markets traded bullishly on the week.
The spot silver price ended the week at $50.11 oz bid, and the spot gold price closed the week at $4,012 oz bid.
Yes, we still have a historically high spot gold silver ratio of 80, which was this week's close.
I continue acquiring, and suggest that if you are also in the market looking for more bullion, you should check out our deals page this weekend. We have 90% US Silver Quarters on sale at spot, and small gold and silver bars priced at razor-thin premiums above spot. Visit
www.SDBUllion.com/deals for those offerings and more.
That will be all for this week's SD Bullion Market Update. And as always, take great care of yourselves and those you love.
28:42
CONTENT SOURCES
- Seeing Early Signs of Silver Outperforming Gold: Citi's Layton
• Seeing Early Signs of Silver Outperforming...
-
www.GoldChartsRUs.com
- Win 500 Silver Coins, enter here:
https://SDBullion.com/sweepstakes