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  • A horror story in paper markets

    09/27/2025 11:37:10 AM PDT · by delta7 · 18 replies
    Goldmoney ^ | 26 Sep 25 | Alasdair Macleod
    Our headline chart shows silver storming ahead amid reports of backwardations and soaring lease rates. Will it continue, and will gold be next? A graph of a line graph AI-generated content may be incorrect. Driven by poor liquidity, in Europe this morning silver was $45.03, up $2.00 from last Friday’s close. Gold was up a less spectacular $68 at $3750 on the week, but with a firm undertone. In this report, we look at what is currently driving gold and silver prices higher, and whether it will continue. The chart below illustrates the paper market problem with the silver futures...