LBMA Admits London Came Close to Running Out of Silver.
- maneco64
#silversqueeze #LMBA #SLV #bullionbanks #gold #silver #inflation #centralbanks #economy #markets
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Today we will reference Ronan Manly’s great summary of the LBMA’s “Silver Investment 2021: Report”. In this summary, Mr Manly notes how the LBMA admits the London silver bullion market was close to running out of physical silver with the surge in demand triggered by the #silversqueeze move on social media towards the end of January 2021 and the beginning of February.
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The summary concludes that the LBMA report thinks there is not much left of the #silversqueeze movement and that it has faded away. Ronan Manly thinks the LBMA is wrong about that and so do I. The LBMA report, in our opinion, shows that the £silversqueeze movement is far from over.
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LBMA acknowledges “Buying Frenzy” in Silver Market and silver shortage Fears: https://www.bullionstar.com/blogs/ron…
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