Liquidity for Silver in the London silver market has absolutely crashed — the amount of precious metals needed simply does not exist.
In fact, according to new reports silver is being flown into the country to cover the massive shortfalls.
Check this out:
London Silver Squeezed: US Bars Sent to Cover Physical Shortfall | Scottsdale Mint https://t.co/7cCDRR4HYp
— VBL’s Ghost (@Sorenthek) October 12, 2025
Here’s more from the Scottsdale Mint:
The London silver market is in rare disarray. A powerful short squeeze has driven benchmark prices above $50 an ounce, marking only the second time in history the metal has reached that level. For veterans, the surge recalls the infamous Hunt brothers’ attempt to corner silver in 1980.
According to Bloomberg, liquidity in London has nearly vanished. Traders short the physical market are struggling to find metal, paying steep borrowing costs to maintain positions. “There is no liquidity available currently,” said Anant Jatia, Chief Investment Officer at Greenland Investment Management. “What we are seeing in silver is entirely unprecedented.”
“There is no liquidity available currently.”
— Anant Jatia, Greenland Investment Management
London at the Center of the StormFor more than a century, London has served as the hub of global precious metals trade, where benchmark prices are set and vaulted bars circulate among a tight network of banks. Secure trucks once handled those flows daily. Today, cargo planes are stepping in. Traders are reportedly booking transatlantic freight to move bulky silver bars from New York to London, paying rates typically reserved for gold to capitalize on the premium in the London spot market.
“Some traders have rushed to book slots in the cargo holds of transatlantic flights for bulky silver bars.”
Drivers Behind the Squeeze
The immediate catalyst is a surge in investment demand for gold and silver as Western debt concerns and currency fears intensify. The tension has been amplified by a U.S. budget impasse and fears of devaluation. Yet silver’s shortage is also structural. Indian demand spiked abruptly during Golden Week, coinciding with dwindling inventories in London and concern over potential U.S. tariffs on the metal.
The London vault network once held a vast cushion of liquidity, but those reserves have been eroding. Bloomberg data indicate that London silver inventories have fallen by one-third since mid-2021, with the freely tradable supply now estimated at only 200 million ounces—down from over 850 million ounces in 2019.
“The remaining ‘free float’ of metal… has dropped to just 200 million ounces, down 75% from 2019.”
Indian Surge, Western TightnessIndia has emerged as an unexpected force in this episode. Shifting from Hong Kong to London sourcing, Indian buyers have drawn heavily on the already-tight market. TD Securities’ Daniel Ghali noted that even Indian exchange-traded funds have suspended new inflows due to a lack of available metal.
India’s Kotak Mahindra Asset Management Company has temporarily suspended new investments in its Silver ETF Fund of Fund starting October 10, citing a sudden shortage of physical silver in the domestic market and a sharp rise in premiums.
According to Reuters, the company stated that the move was “primarily due to a shortage of physical silver in the domestic market that lifted premiums sharply above benchmark prices.” The statement emphasized that “silver is trading at a premium relative to international prices,” underscoring how physical scarcity has begun to distort local valuations.
The London Bullion Market Association acknowledged “tightness in the silver market” and said it is monitoring conditions closely.
Price Dislocations and Historic Parallels
Prices in London’s daily silver auction have now broken records. Spot premiums have widened to as much as $3 over New York futures, while overnight borrowing costs have climbed beyond 100% annualized—levels possibly exceeding those of 1980. Bid-ask spreads, normally just a few cents, have ballooned past 20 cents an ounce as banks withdraw from quoting each other.
Folks, can you see what’s happening?
It’s about to go parabolic!
I just reported on this just a few hours ago:
BREAKING: Multiple Reports Say The Perth Mint Is OUT OF SILVER!
HEADS UP FOLKS!
This is the moment we've all been waiting for, or at least it sure does feel like it is finally here.
For 3+ years, I have been shouting from the rooftops that it might be wise to make sure you own some Gold and Silver.
I even showed you how you can get a ton of it for no money out of pocket! YES, REALLY! More on that below in case you missed it.
But now it looks like the day of reckoning may finally be here...
As Silver has now firmly broken out above $50 for the first time in history, went as high as $53.30 and is now basing over $50 getting ready for what looks like another explosive leg up (remember, Bo Polny told us $50 was the launchpad), now comes reports from many users on X that the Perth Mint is OUT OF SILVER! Sold out. Gone. Can't buy it even if you wanted to!
🚨The Perth Mint is out of silver.
Here we go...
— GoldSilver HQ (@GoldSilverHQ) October 14, 2025
Oh my....
Take a look here:
I love it … Perth mint sold out
Canada silver is sold out.
For years I have only seen Bullion bankers taking retail public to cleaners by manipulating the price lower …. I am happy to see the “Revenge of a common man” pic.twitter.com/tKwzzo2aX9
— Ritesh Jain (@riteshmjn) October 13, 2025
And here:
🚨 WARNING SIGNS ALL OVER THE PERTH MINT WEBSITE TODAY.
BUT THANK GOD — YOU CAN STILL GET BLUEY COINS (IN-STORE ONLY) pic.twitter.com/vGqoGElRoi
— Make Gold Great (@MakeGoldGreat) October 13, 2025
Sure......"technical difficulties"....gotcha!
Are the difficulties that you don't have any silver left? That would definitely be a huge "difficulty"!
And one more here:
The tweet had to be wrong. Perth Mint is one of the biggest mints in the world in the state of Western Australia where gold and silver grows on trees. They would have hordes of silver in their vaults, surely??
Turns out they don't. Shit is getting real #silversqueeze #silver https://t.co/nUTj3GQLH0 pic.twitter.com/L8bMa4ElyJ
— That West Aussie (@AussieShare) October 14, 2025
Here's a zoom in on that last screenshot:

Allow me to translate...."Sure you can still buy it and we'll take your money, we just can't tell you when you will receive your silver (if ever) because we're currently SOLD OUT!"
The freaking Perth Mint, sold out of silver.
Unreal.
Remember all those times I told you silver would eventually become "Unobtanium"?
We're not quite there yet, but this is definitely the birthing pains....
Folks, if you want in you still have time but the window is closing.
And I can hook you up!
There are two (and only two) companies I am proud to partner up with....
I have two killer connections for you...
1️⃣ The first is for purchasing gold and silver bullion, bars and/or coins.
You may recognize Andy Schectman from Miles Franklin.
He's prolific on YouTube and just a brilliant guy, I've followed him for years.
I've partnered up with Andy's company, Miles Franklin, and I'm really excited to show you what they can do!
In fact, Andy's going to be coming on my show, the Daily Truth Report (follow us on YouTube and Rumble) in the future, and you're going to want to make sure you don't miss those.
Andy is a wealth of knowledge about the precious metals markets and crypto, and I've covered him here many times in the past.
Now I'll get to chat with him myself, and I'm really looking forward to it.
I'm spoken directly with Andy and his team and they have assured me they will take very good care of anyone in the WLT Report family (that's you!).
At Miles Franklin, everyone gets personal attention from their team of brokers and you'll get whatever level of hand-holding you prefer. They'll also customize a deal just for you, but you have to call them and tell them NOAH sent you! They'll handle it from there. 1-952-929-7006
There is no minimum order size and no maximum limit.
I think you'll love working with them, I already do!
You can reach them at 1-952-929-7006 and make sure you let them know that Noah sent you over, they've promised me the best of the best service and pricing for everyone in the WLT Report family. 🙌
(You can visit their website too, but best pricing is by phone)
equally great company, I am so happy to be working with these guys is Genesis Gold.
This is for people who want to purchase real physical gold or silver in their IRAs (Investment Retirement Accounts).
You know what the beauty of that is?
Two huge benefits actually...
First is TAX FREE baby!
I'm not a tax advisor, but that's a general oversimplification.
Never pay more taxes than you are legally required to pay.
And that's why I love getting gold and silver in my IRA (and why I hold a large chunk in an IRA myself!).
Second is if you simply shift money out of stocks (like Peter Schiff recommends) and into Gold, it won't cost you anything! No money out of pocket!
BOOM!
There's so much to love about Genesis Gold, starting with the fact they are proudly and un-ashamedly Christina!
They call it "Faith-Driven Stewardship" and they put it right on the homepage of their website along with a quote from Ezekiel:
Here's more on why gold and silver in your IRA are so powerful:
You can contact Genesis Gold here.
They are also very backed up with record demand, so you may have to wait a bit, but someone WILL get in touch with you for personal customer service and assistance!
Tell 'em Noah sent ya!
Oh, and did you know Genesis is recommended by SUPERMAN himself?
It's true.
Superman himself, Clark Kent -- Dean Cain -- came on my show a few weeks ago and we broke it all down:
Watch here:
Stay safe!


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