Feeling happy as a Muthu boy today!
Prata shop will be closed for a week! [Miser]
Silver Squeeze Looms: Would Delivery Shock Hits?
Silver is flashing extreme stress signals. The metal has logged four straight weeks of 10%+ gains. Silver is now up 154% YTD, prompting UBS to warn that recent moves in precious and industrial metals look “out of control.”
COMEX has already seen 40 million ounces stand for delivery in January—far above the typical 1–2 million. With the March delivery month approaching, demand could reach 70–80 million ounces, threatening to drain much of COMEX’s 110–120 million ounces of registered inventory.
With delivery demand spiking, is silver heading into a true physical squeeze?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments
Great article, would you like to share it?
Great article, would you like to share it?
Great article, would you like to share it?