Bloomberg: Silver, Copper Eclipse Gold as Top Metals Bets on Supply Fears

Silver has nearly doubled this year due to a historic supply squeeze in the London market amid surging demand from India and silver-backed exchange-traded funds.
Silver has outpaced gold of late, gaining more than 11% to a fresh record, while copper has climbed almost 9% and is approaching an all-time high.
Institutional and retail traders are positioning for record rallies in silver and copper, with implied options volatility and trading volumes increasing, amid expectations of supply shortfalls and growing demand for electrification and clean-energy projects.