Meet The Man Who Bought $1 Billion In Physical Silver Before The Rally
The precious metals complex resumed its upward trajectory overnight. Shortly after the US equity cash open, silver surged above $100 per ounce for the first time on record, while gold approached the $5,000 per ounce level.
As Rick Privorotsky, head of Delta One at Goldman Sachs, noted to clients earlier, flows suggest some speculative participation, but the dominant driver remains structural: "There is clearly hot money involved, but first and foremost gold is a central bank trade… a slow erosion of the dollar's exorbitant privilege rather than a sudden loss of confidence..."
ZERO HEDGE LINK Saturday, Jan 24, 2026 - 01:10 PM
