History high record prices in silverreaching close to $ 53 per ounce, as a historic short squeeze in London It gave a rally to a rally powered by the growing demand for safe assets.
Silver spot prices increased by 1% to $ 52,8983 per ounce in London, surpassing the high in January 1980 in a contract that was no longer valid and supervised by the Chicago Board of Trade – when the billionaires Hunt attempted to monopolize the market.
Gold also climbed another historical high, continuing its upward trend for eighth consecutive week.
Concerns about lack of liquidity in London have triggered a global silver search, with reference prices launched at almost unprecedented levels in New York. This pushes some traders to close positions on transatlantic flights for transporting silver bars – an expensive mode of transport that is usually intended for gold – in order to benefit from the highest prices in London. The premium was about $ 1.15 per ounce in the first transactions today (14.10.2025) – below last week’s $ 3 spread.
Silver lease rates – which represent the annual cost of metal borrowing on the London market – remained steadily high this year, but on Friday they rose more than 30% on a monthly basis. This creates outrageous costs for those who wish to renew their negative positions.
The increase in demand from India in recent weeks has reduced the offer of available bars for marketing in London, after rushing metals to New York earlier this year, when the concerns that the metal could be affected by the US duties caused large duties.
Although precious metals were officially excluded from duties in April, traders remain alert pending the completion of the so -called “Section 232” survey of the US government on critical minerals – including silver, as well as platinum and palladium. Research has rekindled fears that metals could suffer new duties, exacerbating the pressure on the market.