Highlights from our latest issue:
Gold-backed ETF holdings continued to rise in September, with holdings up 180.9t in the past two months.
Platinum’s out-performance of gold and silver is reflected in a significant lease rate premium amid limited bullion availability.
Volatility skew points to a mixed picture for gold, while it remains solidly in favour of silver.
Tightening US and global monetary conditions have driven correction in precious metals, but restrictive policy looks increasingly priced-in.
Unallocated silver bullion stored in the loco London market appears to have increased, explaining silver’s subdued lease rate.
This report has been prepared by Redward Associates Ltd and is for general information purposes only. This report was not prepared in accordance with any jurisdictional disclosure requirements relating to research reports. Please see the full disclaimer in the gold monthly report.