Silver prices decline amid intense trading as short squeeze begins to subside
Another hectic day in the London silver market saw physical silver prices drop from their recent peaks, hinting that the severe supply constraints might be easing a bit. Spot silver prices fell by nearly 3.6% at one point but managed to bounce back somewhat, still approaching the all-time high of $53.55 per ounce that was […]
Silver traders hurry to send bars to London as market faces a historic squeeze.
London’s silver market is experiencing significant upheaval due to a massive short squeeze, pushing prices above $50 per ounce for only the second time ever. This situation has drawn parallels to the Hunt brothers’ infamous attempts to dominate the market back in 1980. Prices in London have soared to levels rarely seen before, even surpassing […]
Silver traders hurry to send bars to London as unprecedented squeeze impacts market.
London’s Silver Market in Disarray Amid Short Squeeze (Bloomberg) — The silver market in London has been drastically affected by a significant short squeeze, pushing prices past $50 an ounce for only the second time ever. This situation has drawn parallels to the Hunt brothers’ infamous attempt to control the market back in 1980. Base […]
Bitcoin creates a bear trap reminiscent of 2024 before a significant short squeeze, according to a trader.
Key Points The current weakness in Bitcoin’s price might lead to a significant short liquidation event as bearish sentiment grows. New forecasts indicate that market makers are potentially setting up large bear traps intentionally. BTC’s price is now back at $113,000, with the short positions being cleared out. Bitcoin (BTC) may see its “next major […]
Analyst: XRP Is Primed for a Short Squeeze Rally
Technical indicators seem to hint that XRP might be on the verge of a rapid change, according to the well-known crypto analyst Cryptoinsightuk. In a recent post, the analyst pointed out significant on-chain and derivative data, illustrating a buildup of liquidity above current price levels, along with increasing open interest and patterns reminiscent of earlier […]
Bitcoin receives support from Fed rate pause as BTC targets $106K short squeeze
Key Points: A recent analysis suggests that Bitcoin might see a bullish trend following the Fed’s decision to maintain interest rates, referencing historical patterns. Potential upward momentum for BTC/USD could increase if Binance experiences a drop in open interest. The analysis highlights order book liquidity, predicting shorter timeframes to reach $106,000. According to the report, […]
Long Island Republicans want audit of MTA, LIRR after latest tax squeeze from cash-strapped agency
Long Island Republicans have denounced the Metropolitan Transportation Agency's latest tax conditions on suburban businesses. On Thursday, they called for an audit of chronically cash-bound institutions. The comments come after Gov. Kathy Hochul and state legislators signed a deal to try and raise state payroll taxes again to promote the MTA's massive $68 billion capital […]
Silver Squeeze 2.0: Will silver price see the biggest technical breakout in modern market history? – Kitco NEWS
Jeremy Szafron will be joining Kitoco News as anchor and producer of Kitoco's Vancouver station. Jeremy is a veteran journalist with a diverse background covering entertainment, current affairs and finance. Jeremy began his career as a journalist for CTV (Canada's largest network) in 2006, captivating audiences as an entertainment reporter before pivoting into business reports […]
Hundreds of Canadian steel workers hit with layoffs as Trump’s tariffs squeeze industry
Hundreds of Canadian workers have already been fired from steel factories as President Trump's tariffs narrow the industry. At least 200 members of United Steelworkers, the largest private sector union in North America, have previously lost employment, according to Marty Warren, the group's national director. United Steelworkers has over 225,000 members in Canada. And Canadian […]
To fund MTA’s $68B rebuild plan, nab fare-beaters, squeeze riders, taxpayers: watchdog
New York officials must seriously crack down on getting fares to fund the MTA's newly proposed $68.4 billion, five-year capital plan recommended by a new report released Friday. Gov. Kathy Hochul will also need to scrap her $3 billion “inflebate” check program to New York taxpayers proposed in her executive budget plan, dedicating the state's […]