Gold, silver squeezes intensify

By Alasdair Macleod – Goldmoney

Markets are desperately short of physical gold and silver, reflected in a continuing bear squeeze. Speculative interest remains subdued, with ETF physical demand growing.

As our headline chart below shows, as of last night’s close (Thursday), silver has risen by 76% this year so far, outpacing gold which is up a hefty 52%. Palladium also rose strongly, up 13% on the week and 59% on the year, and platinum is up a whopping 73% since 1 January. Even copper is moving higher, up 3.9% on the week and 21% on the year.

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