The Century Mark Watch
Silver is now within striking distance of the historic $100 per ounce milestone. Volatility has spiked to extreme levels as the options market prices in a potential 'gamma squeeze' with call options at the $100 strike seeing massive volume.
Industrial Stockpiling
Reports of strategic stockpiling by Asian battery manufacturers have added a new layer of demand. This front-loading of imports is tightening the physical market, pushing regional premiums to record highs.