Silver surges above $50 as massive short squeeze dries up market liquidity
-
最新报道：According to Bijie.com, on October 12th, the spot price of silver rose above $50 per ounce, causing chaos in the London silver market. A massive short squeeze has almost completely dried up market liquidity. Traders noted that any short positions in spot silver are struggling to find silver and are therefore forced to pay exorbitant borrowing costs to move their positions. Some traders have even booked space on transatlantic flights to transport large silver bars, a costly method typically reserved for the more valuable gold. Anant Jatia, chief investment officer of commodities hedge fund Greenland Investment Management, stated that he has never seen a market like this before, saying there is no liquidity available for silver. This unprecedented situation has caused the premium of London silver over New York to rise from the usual 3 cents to over 20 cents. Robert Gottlieb, managing director of JPMorgan Chase, noted that banks are reluctant to quote each other, resulting in wide price gaps and contributing to the liquidity shortage.
下一篇
Avalanche – 27% crash, $222mln wiped – Here’s why bulls still eye $30!
- Avalanche (AVAX) plunged 27% amid a market-wide sell-off, triggering $222 million in liqui...
24小时热点
热点专题
413027