Bloomberg News
@Bloomberg-News·2.8M subscribers·40.1K videos
Silver Hits New High as London Squeeze Sparks Market Havoc
Posted
October 18, 2025
Views
7,652
Likes
144
Engagement
1.88%
October 18, 2025
7,652
144
1.88%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
See what was published immediately before and after this episode.
0:57Now PlayingSpot silver prices retreated after hitting an all-time high earlier Tuesday, as a historic squeeze in London began to show signs of easing.
Spot prices for silver fell 1.6%, after hitting a record $53.55 an ounce in London earlier Tuesday. That was about $1 higher than a peak set in January 1980 on a now-defunct contract overseen by the Chicago Board of Trade, when the billionaire Hunt brothers attempted to corner the market.
Concerns about a lack of liquidity in London have sparked a worldwide hunt for silver, with benchmark prices soaring to near-unprecedented levels over New York. That’s prompting some traders to book cargo slots on transatlantic flights for silver bars — an expensive mode of transport typically reserved for gold — to profit off higher prices in London.
----------
Like this video? Subscribe
Bloomberg News is the first word in business news. Visit bloomberg.com for the latest on global business, markets and more.
Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months
Bloomberg on YouTube:
Connect with us on social:
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
