(Bloomberg) – Silver prices touched the highest height of all time exceeding $ 52.50 for an ounce, as the historic brief compression of London increased the rally, which led to increasing demand for safe property.
The prices of the performance rose as much as 0.4% to $ 52.5868 per ounce in London, exceeding the 1980s. January Consciousness based on the current contract, which is overseen by the Chicago Trade Board, the billionaire Hunt’s brothers tried to disguise the market. Gold also rose to another record high place, building for eight straight weeks.
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The concern about the lack of liquidity in London has led to silver hunting worldwide, and the reference prices have increased to almost inconsistent levels in New York. This encourages some traders to book cargo time stages on transatlantic flights for silver bars – an expensive mode of transport, usually reserved for gold – to get higher prices of London. On Tuesday, Premium was about $ 1.55 for an ounce on Tuesday – since last week’s increase of $ 3.
Silver rental prices reflecting the annual metal borrowing costs on the London market were stubborn this year, but on Friday, one month increased to more than 30%. This creates eye -carrying costs for those who want to go beyond short positions. In recent weeks, the demand for India has increased the supply of available bars to trade in London, after this year it was urgent to send metal to New York this year after worries that metal could suffer from US tariffs, causing large dislocation between two supermarkets.
Although April The precious metals were officially exempt from tolls, and traders remain in the country before they completed the so-called 232 chapter probe to critical minerals-it is silver, as well as platinum and paladis. The study revived the fear that metals could be harmful to new tariffs by increasing the tightness of the market.
The silver market “is less liquid and about nine times smaller than gold, reinforcing prices,” wrote Goldman Sachs Group Inc. Analysts. “In addition to the central bank’s proposal, silver prices, even temporary retreating investment flows, can lead to a disproportionate amendment, as it would also eliminate London’s tightness, which has led most of the recent rally.”