Silver and Gold Prices Soar, Triggering Major Financial Concerns

Rising silver and gold prices threaten significant losses for banks with massive short positions, raising calls for regulatory scrutiny.

Silver prices increased by over 6%, reaching $33.6 per ounce, causing potential billion-dollar losses for five major U.S. banks with large short positions.
The open interest in silver futures has reached 141,580 contracts, equivalent to nearly a year's worth of global silver production.
Critics argue that excessive short selling by banks creates artificial downward pressure on silver prices, despite strong industrial demand.
Gold prices have also surged, surpassing their inflation-adjusted peak from 1980, with some analysts predicting further increases.
Calls for increased regulatory oversight are growing to ensure fair price discovery and market stability in the precious metals sector.