Traders Load US-Bound Planes With Gold and Silver in Tariff Bet
- NY-London spread has made air freight profitable for silver
- Gold, silver and copper flowing into US to capture premium
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Over the last few months, sealed wooden boxes have been arriving in the holds of commercial flights from London to New York, strapped up and tightly packed against tampering. When they land stateside, they are collected by trucks whose drivers, generally, don’t know what they’re hauling.