Independent analysis of gold, silver and global financial markets
Explore short market insights on gold, silver, and the forces shaping the market
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The Next Silver Squeeze May Be About Geography, Not Supply Silver can be sitting in an American vault while a London dealer struggles to find metal for immediate delivery. Both…
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“Silver is one of those markets where patience can look like a mistake for a long time — until, suddenly, it starts to look like a very smart decision.” Our…
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Global gold ETFs held a record 4,189 tonnes of gold at the end of August. In a single month, their holdings increased by 121 tonnes, while investors poured approximately $18…
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Silver is currently trading at around $63–65 per ounce. More importantly, however, we should compare that with the recent past: on January 29, 2026, silver reached an all-time high of…
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Markets have been watching the Strait of Hormuz for months. And for good reason. Before the current conflict, roughly one-fifth of global oil flows passed through it, meaning any serious…
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China added approximately 317 GW of new solar capacity in 2025, 14% more than the year before. By the end of the year, the country had roughly 1.2 TW of…
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The U.S. 30-year Treasury yield climbed as high as 5.327% in August, its highest level since 2007. The 10-year yield is once again approaching the 5% mark and closed at…
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Just a few hours before Friday’s sell-off, silver was trading above $70 an ounce. Then Kevin Warsh spoke at Jackson Hole. Warsh signaled that inflation remains a problem and that…
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Over the course of just a few days in August, something happened around one of China’s largest gold groups that, in my view, deserves far more attention than the market…
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There is something almost cruel about silver. You can have a long-term market deficit, limited ability to quickly increase mine supply, strong industrial demand, and growing investor interest. Everything can…
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Not long ago, London was one of the places where stress in the physical silver market was easiest to see. Metal was moving between regions, lease rates were rising sharply,…
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Gold has had several exceptionally strong years, and its price has reached levels that would have seemed very distant not that long ago. Yet higher prices do not appear to…
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When silver surged to around $121 per ounce at the end of January, most investors could hardly believe it. Just a few years ago, such a price would have seemed…
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Every day, I follow the markets. I watch the prices of gold, silver, stocks, bonds, and currencies. I track economic data, central bank decisions, the movements of major investors, and…
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If you are thinking about investing in silver, one of the most important questions you will face is: Should I buy physical silver or paper silver? The debate over physical silver…
