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.