Dear Clients
| We would like to explain the recent price gaps observed in XAG/USD trading. Over the past few days, the silver market has faced a temporary liquidity shortage, which has affected the global pricing. It’s a broader market event impacting all major liquidity providers. The main reasons for that are: 1、Physical silver is harder to source in London, which makes short-term borrowing costs rise and reduces the number of banks quoting prices. 2、The link between London spot prices and U.S. futures (known as the EFP) has become unstable, causing differences between futures and spot prices. Market Impact: These conditions have led to wider spreads, occasional backwardation, and patchy liquidity, which together contributed to visible price gaps on XAG/USD across multiple liquidity providers. We continue monitoring the situation closely. The current disruptions are primarily liquidity-driven and not indicative of a system malfunction. Please rest assured that our liquidity providers are working to normalize market conditions as soon as possible. Thank you beforehand for your understanding. |
| Should you have any questions, please contact our support team and they will be happy to assist you. Best regards, Team Maxain |
