For a sense of how the “paper market” for silver often runs way ahead of the spot market during particularly high-volume trading hours, consider that spot silver was down 34 cents (-1.0%) on April 30th while the futures market (COMEX silver) was down over 2.3%. While these dislocations across markets have undoubtedly underpinned the precious metals’ rally thus far in 2025, it’s applied far more to gold recently than the rest of the metals. The Governor of the Central Bank of Kenya said they are actively considering adding to the bank’s gold reserves.
Author: Everett Millman
Published at: 2025-04-30 22:05:09
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