AGE Gold Commentary is our regular report analyzing trends in precious metals and rare coins. We monitor domestic and international markets and extrapolate from our 30 years in metals to place current events into a hard asset perspective. View archives.
10/20/2025:Relentless rally pauses briefly
Source:
Greetings!
In the last two months, gold has rocketed higher by $1,000 and silver by an amazing $7 an ounce, with both metals reaching a series of new all-time highs. This epic rally has seen demand for physical gold and silver explode around the globe, with buyers lined up at precious metals dealers in Europe and Asia eager to buy anything they could.
Inflows into metals-backed ETFs became so extreme last week that the London over-the-counter silver market broke down, with demand completely overwhelming available supplies. Liquidity dried up as premiums and financing costs surged.
Prices underwent a correction last Friday, as the rally paused to catch its breath and traders took some profits off the table, draining some of the speculative froth from the market. But the fundamentals driving this relentless march higher have not changed a bit.
In this edition of AGE Gold Commentary for Monday October 20, we update you on the latest developments regarding the London OTC silver squeeze. We also review the latest charts for gold, silver, platinum, and palladium to indicate where we see support for these markets, should the recent correction prove to be more than just a brief profit-taking pause.
You can also view this video on the AGE YouTube channel, which includes a transcript.
AGE's Gold Commentary
AGE Gold Commentary is our regular report analyzing trends in precious metals and rare coins. We monitor domestic and international markets and extrapolate from our 30 years in metals to place current events into a hard asset perspective. View archives.
10/20/2025: Relentless rally pauses briefly
Source:
Greetings!
In the last two months, gold has rocketed higher by $1,000 and silver by an amazing $7 an ounce, with both metals reaching a series of new all-time highs. This epic rally has seen demand for physical gold and silver explode around the globe, with buyers lined up at precious metals dealers in Europe and Asia eager to buy anything they could.
Inflows into metals-backed ETFs became so extreme last week that the London over-the-counter silver market broke down, with demand completely overwhelming available supplies. Liquidity dried up as premiums and financing costs surged.
Prices underwent a correction last Friday, as the rally paused to catch its breath and traders took some profits off the table, draining some of the speculative froth from the market. But the fundamentals driving this relentless march higher have not changed a bit.
In this edition of AGE Gold Commentary for Monday October 20, we update you on the latest developments regarding the London OTC silver squeeze. We also review the latest charts for gold, silver, platinum, and palladium to indicate where we see support for these markets, should the recent correction prove to be more than just a brief profit-taking pause.
You can also view this video on the AGE YouTube channel, which includes a transcript.
Sincerely,
Dana Samuelson
President