Global Mobility/Transport, Equity Long-Short

Mo Aziz

Capital market veteran with 23 years experience with stints as an analyst (sell-side & buyside), investor relations and fund manager. 

My key expertise in the aviation sector. My definition of "aviation" includes airlines, travel tours, airports, airport retail & services, OEMs, online travel agents, aircraft lessors, air cargo/logistics, etc.   

I have an active watchlist consisting 190 companies across 41 countries. The aviation sector is highly cyclical and I am constantly evaluating signals to uncover attractive trade opportunities.

Event-Driven

<ul>
<li>Silver prices in Shanghai continue to trade at a persistent premium to Western benchmarks, signalling tight physical supply that paper-driven futures markets are not yet reflecting.  </li>
<li>Structural deficits, falling inventories, and rising industrial demand are weakening arbitrage mechanisms, allowing regional silver price gaps to persist far longer than historical norms.</li>
<li>Physical markets lead price discovery. The futures market typically adjusts higher or volatility rises. We think Silver will head back to USD100/oz by the end of 1Q-26.  </li>
</ul>


Silver prices in Shanghai continue to trade at a persistent premium to Western benchmarks, signalling tight physical supply that paper-driven futures markets are not yet reflecting.  
Structural deficits, falling inventories, and rising industrial demand are weakening arbitrage mechanisms, allowing regional silver price gaps to persist far longer than historical norms.
Physical markets lead price discovery. The futures market typically adjusts higher or volatility rises. We think Silver will head back to USD100/oz by the end of 1Q-26.  


Same Metal, Two Prices: Why Physical Silver Is Signalling a Market Mismatch