Historic Silver Squeeze Deepens as Prices Soar in London Market

Silver surged toward a record above $50 an ounce as a historic squeeze deepened in the London market. Spot prices rose as much as 3.7%, closing in on a peak set during a notorious attempt to corner the global silver market in the 1980s. Most Read from Bloomberg This time around, the jump in prices has been driven by a flood of investment into the precious-metals markets as investors seek security in the face of fiscal uncertainties in the US, concerns over an overheating stock market and threats to the ...