Is the imminent collapse and replacement of the current financial system the real driver behind the sharp (and continual) runup in Gold and Silver prices? Stay tuned...
-NW

Gold price soars to record high, silver squeezed to near record peak
Jim Wyckoff | Kitco News
Oct 13, 2025

[snip]

(Kitco News) - Gold and silver prices are sharply higher in early U.S. trading Monday, with gold hitting another record high and silver very near its record high set in 1980. Safe-haven demand as the U.S. government remains shut down and a short squeeze in silver are keeping bulls confident and bears unwilling to step in front of a steaming locomotive. The recent bigger daily price moves in gold and silver markets suggest volatility will remain high in the near term. December gold was last up $95.20 at $4,095.80. December silver prices were up $2.398 at $49.63.

Spot silver prices overnight hit the highest level in decades as a historic short squeeze in London intensified, “with a fresh surge in prices adding urgency to a worldwide hunt for bullion that could alleviate the mismatch between demand and supply,” reported Bloomberg. Spot silver climbed as much as 3.1% to near $52.00 an ounce, exceeding last week’s peak, while spot gold surpassed $4,070.00 an ounce to a record high. Platinum and palladium also surged, amid signs that market stresses caused by surging investor demand are starting to spread to other precious metals. Concerns about a lack of liquidity in London are prompting the squeeze.