Robert Gottlieb: "Silver Tightness Is Concerning"

As the EFP and tariff volatility continues, we’ve started to see different conditions develop between the gold and silver markets.

On the gold side, the problems at the Bank of England are so far being viewed by most as logistical issues rather than supply issues (whether that’s ultimately the case is somewhat debatable, although I suppose in time we’ll find out).

Yet the commentary I hear regarding what’s going on over on the silver side seems to indicate a different picture, where tightness and supply issues are present, and don’t have an immediate resolution in sight.

You’re likely already aware that the silver market has been in a deficit for the last 5 years and counting, with no relief on the horizon. Which creates the conditions that TD Securities analyst Daniel Ghali described as ‘A #SilverSqueeze You Can Buy Into,’ based on the issues he felt the declining inventories would eventually lead to.

And in the tweet below, James Anderson highlights former JP Morgan precious metals managing director Robert Gottlieb’s comments about what’s happening with silver, which included: