⛏ Silver: A Perfectly Organized Short Squeeze

Meloni’s party pushes to declare Italy’s gold ‘property of the people’
Lawmakers from Giorgia Meloni’s rightwing coalition are pushing to have Italy’s gold reserves declared the property of the Italian people — a move critics fear will pave the way for a government sell-off of the metal. Italy has the third-largest gold reserves in the world after the US and Germany, with roughly 2,452 tonnes, according to Bank of Italy data. Read on »

Silver: A Perfectly Organized Short Squeeze
On October 8, 2025, an order for 1,000 tons of silver placed by India triggered an immediate freeze in the London silver market. Silver lease rates instantly skyrocketed from 0.25% to 200%. All traders immediately withdrew from the market, and the Swiss refiner METALOR – which operates in 17 countries – even announced that it would not return before January 2026. Read on »

Central Banks Ramped Up Gold Purchases Again in October
After taking a breather earlier this year, central banks are once again gobbling up gold, with October purchases hitting the highest level of the year. Central banks globally increased their gold reserves by 53 tonnes (net) in October. That was up 36 percent from September, and the highest level of monthly purchases this year. Read on »