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Maroc Maroc - WN.COM - Business - 15/Feb 18:14

Metals price volatility reveals lack of safe havens

It has often been observed that high levels of speculative activity in commodities futures markets can result in the surreal situation of greater quantities of a physical asset being traded than actually exist on planet earth. This has been the case with speculative flows into precious metals recently, most notably silver. Until recently, silver was a relatively unloved asset, but the metal has attracted huge investment flows in the past year. The price quadrupled between early 2025 and January 2026, from just below $30 per ounce to peaking at just over $120. In the past couple of weeks, it has almost halved to around $70 – a precipitous fall, but still more than double the level of 12...

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