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Daily Dispatches
Sold out in India, panic in London: How the silver market broke
Submitted by admin on Sat, 2025-10-18 11:27 Section: Daily DispatchesBy Sybilla Gross, Preeti Soni, Jack Ryan, Yvonne Yue Li, and Jack Farchy
Bloomberg News
via NDTV, Mumbai, India
Saturday, October 18, 2025
For months, Vipin Raina had been bracing for a stampede of buying from Indian customers loading up on silver to honor the Hindu goddess of wealth.
But when it came, he was still blown away. At the start of last week, his company, India's largest precious metals refinery, ran out of silver stock for the first time in its history.
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India central bank's gold reserves top $100 billion on surging prices
Submitted by admin on Sat, 2025-10-18 11:01 Section: Daily DispatchesBy Nimesh Vora and Rajendra Jadhav
Reuters
Friday, October 17, 2025
MUMBAI -- India's gold reserves crossed the $100 billion mark for the first time, according to the Reserve Bank of India's latest foreign exchange reserves data, buoyed by a global price rally even as the central bank's purchases slowed sharply this year.
India's gold holdings rose by $3.595 billion to $102.365 billion in the week through October 10, RBI data showed today, while overall foreign exchange reserves declined $2.18 billion to $697.784 billion.
Alasdair Macleod: Fear of missing out with gold and silver
Submitted by admin on Fri, 2025-10-17 16:44 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, October 17, 2025
The question facing dealers in precious metals is whether gold, silver, and platinum group metals have become Giffin goods. If so, further rises will create new demand with sellers retreating.
Michael Lynch: Who thinks retail has pushed gold's market cap up by $12 trillion this year?
Submitted by admin on Fri, 2025-10-17 13:49 Section: Daily DispatchesThe Run on Physical Gold Accelerates
By Michael Lynch
Econanalytics.substack.com
Friday, October 17, 2025
Yesterday 3,878 new contracts (12 tonnes) were written on the October contract. Since the October contract is in the delivery period, this activity is for physical metal to be delivered by the end of the month.
That one-day buy is just 19 shy of the single-day record, which was set this year during the February contract.
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Silver squeeze grips London market as China limits exports, Maguire tells LFTV
Submitted by admin on Fri, 2025-10-17 12:34 Section: Daily Dispatches12:33p ET Friday, October 17, 2025
Dear Friend of GATA and Gold (and Silver):
On this week's edition of Kinesis Money's "Live from the Vault" program, London metals trader Andrew Maguire says the London market is losing control of the silver price to China, which is limiting silver exports.
London has virtually no physical silver for immediate delivery, Maguire says, and the short squeeze there has begun.
The program is 43 minutes long and can be viewed at YouTube here:
'More buyers than sellers'? No, fewer but much bigger buyers
Submitted by admin on Thu, 2025-10-16 22:03 Section: Daily DispatchesAsked by a CNBC reporter what's behind the rise in gold, U.S. Treasury Secretary Scott Bessent replied that "there are more buyers than sellers."
-- MarketWatch, Thursday, October 16, 2025
https://www.marketwatch.com/story/the-hot-topic-at-the-imf-meetings-is-the-price-of-gold-could-it-help-put-a-lid-on-prices-6c354b29
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10:10p ET Thursday, October 16, 2025
What do gold and silver investors do now? Attend the New Orleans conference!
Submitted by admin on Wed, 2025-10-15 19:43 Section: Daily DispatchesGATA's Bill Murphy and Chris Powell will be there and would love to see you.
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By Brien Lundin
Gold Newsletter / Golden Opportunities
Metairie, Louisiana
Wednesday, October 15, 2025
https://goldnewsletter.com/go101525/
I've never seen an opportunity like this in my 40 years in the business.
John Hathaway: No, you haven't missed gold's move yet
Submitted by admin on Wed, 2025-10-15 11:12 Section: Daily DispatchesBy John Hathaway
Sprott, Toronto
Wednesday, October 8, 2025
Here we strive to answer one of the biggest questions our clients and potential investors have today: Did I miss the gold move?
FT misses the big reason why central bank gold reserve data can't be trusted
Submitted by admin on Wed, 2025-10-15 10:39 Section: Daily Dispatches10:44a ET Wednesday, October 15, 2025
Dear Friend of GATA and Gold:
Today's Financial Times publishes in its "Alphaville" section a commentary by its writer Toby Nangle calling attention to the dodginess of data offered about central bank gold reserves. The commentary is sarcastically headlined, "Central Banks Have Been Buying a Squillion Tonnes of Gold, Promise":
https://www.ft.com/content/6144f373-f217-423e-b7c4-e872ff323fbe
Italy's tenacious stance on gold pays off as prices soar
Submitted by admin on Wed, 2025-10-15 09:29 Section: Daily DispatchesBy Giselda Vagnoni
Reuters
Wednesday, October 15, 2025
ROME -- Italy, whose sovereign assets from bonds to banks have so often been the subject of market crises in recent years, is currently enjoying a windfall as the central bank's vast gold reserves track record-high prices.
The country's bullion stockpile reflects decades of determined safeguarding after it rebuilt reserves plundered by the Nazis in the 1940s, and a stance that has seen it resist calls to sell through repeated crises and as its national debt soared.
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