International News
Silver traders rush to ship bars to London amid historic short squeeze
The global silver market is currently in the grip of a historic and unprecedented short squeeze, driving benchmark prices in London past the per ounce mark for the first time since 1980. This crisis is rooted in a fundamental physical shortage of tradable silver bars in London’s vaults.To meet urgent delivery obligations and capitalize on record-high price premiums, silver traders are engaging in extraordinary measures, including frenzied, high-cost air freight of physical silver bars from New York to London.
This massive transatlantic movement of physical metal highlights the severe dysfunction and illiquidity in the world’s most critical precious metals trading hub.Traders described a market where liquidity has almost entirely dried up, leaving anyone short spot silver struggling to source metal and forced to pay crippling borrowing costs to roll their positions to a later date.
The short squeeze in the London silver market has intensified, driving prices above $50 an ounce, a level not consistently held since the 1980 Hunt brothers’ attempt to corner the market.
Key aspects of the current turmoil include:
- Price Dislocation: Benchmark London spot prices have soared to an unusual and massive premium—reportedly up to $3 per ounce—over the New York COMEX futures price, far exceeding the typical few-cent spread.
- Liquidity Crisis: Market liquidity has nearly evaporated. Banks are reluctant to quote prices, and the bid-ask spread has widened significantly, a clear sign of extreme market tightness.
- Borrowing Costs: The cost to borrow spot silver in London has skyrocketed, with annualized overnight borrowing costs reportedly surging over 100%, surpassing all-time highs from the 1980 squeeze.
Gold prices in India saw a modest rise on Wednesday today Oct 15, mirroring an uptick in international markets as renewed US-China trade tensions and expectations of further US interest rate cuts bolstered demand for safe-haven assets.24k gold traded at Rs.1,28,360/10gm after gaining ₹10 in early trade, while silver prices increased by Rs.100 to Rs.1,89,100 per kilogram.
Gold prices surged to a record high of $4,179.48 per ounce on October 14, 2025. Investors flocked to safe-haven metals amid trade tensions and Fed rate-cut expectations. U.S. December gold futures jumped 57% year-to-date. Bank of America raised its 2026 gold forecast to $5,000 per ounce, warning of possible near-term corrections.
Gold prices soared to an unprecedented $4,179.48 per ounce on October 14, 2025, marking a historic milestone for the yellow metal. The rally comes as investors worldwide seek safety in hard assets amid a turbulent global economic backdrop marked by escalating trade tensions, slowing growth, and expectations of further interest rate cuts by the U.S. Federal Reserve.
The sharp surge in bullion prices has been driven by a combination of macroeconomic uncertainty and aggressive monetary easing. As inflation pressures remain sticky and central banks pivot toward dovish policies, gold has reasserted its role as a hedge against both currency debasement and market volatility.
In futures trading, U.S. December gold contracts have skyrocketed nearly 57% so far this year, underscoring the strength of investor demand across both institutional and retail segments. Analysts note that central bank buying—particularly from emerging markets—has added further momentum to the rally, with several countries diversifying reserves away from the U.S. dollar.
Reflecting this bullish sentiment, Bank of America has raised its 2026 gold price forecast to $5,000 per ounce, citing continued monetary easing, geopolitical instability, and robust central bank accumulation. However, the bank also cautioned that short-term corrections are likely, given the rapid pace of the recent run-up and potential bouts of profit-taking.
Overall, gold’s meteoric rise underscores a broader shift toward safe-haven assets, as investors navigate a world increasingly defined by economic fragmentation, shifting interest rate cycles, and persistent geopolitical risks.
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