29 million ozs of silver vanish from COMEX vauts in 30 days
derryb
Posts: 37,936 ✭✭✭✭✭
The physical silver market just flashed a red alert. As silver expert David Morgan revealed, a desperate shortage in London triggered a staggering 29 million ounce drain from COMEX vaults in a single month—one of the most acute stresses in years.
While Morgan says the immediate "panic has subsided," he warns this was a critical lesson. The system runs on razor-thin inventories, a paper paradigm perpetually on the brink. The underlying issue of a "world running short of metal" remains completely unresolved. This was merely a preview. The day of reckoning, when the physical market finally seizes control from the paper manipulators, is not a question of if, but when. The squeeze was a tremor before the real earthquake.
The East Is Buying Gold. The West Is Buying Time.
Comments
i thought we have a world surplus of silver
go to any major show nowadays, they could probably replace it
There is a world surplus in demand. Since 2020 there has been a widening gap demand and a fairly constant supply. Solar panel demand is currently 25% of that demand. Good reason to keep up with solar energy news.
Note the doubling in price since 2020>
The East Is Buying Gold. The West Is Buying Time.
don't worry, we'll be back to pre-mania levels soon to take away a good portion of the doubling
what's the inflation and dollar devaluation effects on the 2020 to date value?
So, what is his PT and time frame ?
Telling me something that MIGHT happen in a few months....or a few years...or a few decades....might make for interesting reading but is not an ACTIONABLE investment idea.
These guys ALWAYS say that some movement of lease rates, inventories, COMEX or LBMA open interest...etc...etc...etc...is a harbinger of Doom & Gloom.
It never happens.
OK, smarty pants you tell us what recently happened and why we're heading in that direction again so suddenly.
The East Is Buying Gold. The West Is Buying Time.
Some of you talk like silver went back to 32 bucks. Instead of scribing incredibly boring word salads, why don't y'all (and you know who you are) go look at the data.
COPPER is gutter !
OK, smarty pants you tell us what recently happened and why we're heading in that direction again so suddenly.
He won't be able to respond to you until he finishes watching Bloomberg.
I knew it would happen.
I never/rarely watch Bloomberg ever since they wanted me on their team in '09 and then changed course.
Che sara...sara.
I think silver can hit $63 in 2026 and maybe $77 by 2030. But those are just guesses based on past price movements. I freely admit that.
These guys going for clicks pretty much throw out outlandish numbers. They should be held to account.
I think silver can hit $63 in 2026 and maybe $77 by 2030. But those are just guesses based on past price movements. I freely admit that.
These guys going for clicks pretty much throw out outlandish numbers. They should be held to account.
Your numbers are too low, probably way too low especially for 2030, and you would be better served by saying that you have no idea how high prices will go.
There are simply too many factors influencing silver to even make a decent pricing prediction, but the effects of the BRICS, governmental spending & insolvency, supply deficits and increasing global demand are already baked into the cake.
I knew it would happen.
LOL, gutter will probably be sitting somewhere in the $20's come 2030. Supply deficits? The refiners don't even want it at $45 and the BRICS could care less about gutter metal. They are buying the real deal. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Maybe you should short SLV then. But you won't.
I knew it would happen.
Which means it is already in the price, since it's well-known.
VAULTS not VAUTS.
To an extent, I agree, I DON'T have any idea how high -- or low -- prices will go.
But I am very doubtful that silver goes above $100 by 2030 (20% chance, tops).....the click-bait crowd is saying $300 an ounce within 5-7 years which I think is nuts. And they've been saying that for YEARS !!
Wow. From BRICS is a nothingburger to a somethingburger? LOL
The East Is Buying Gold. The West Is Buying Time.
Only a somethingburger in your world. To most of us BRICS is a big ole nothingburger. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
@jmski52 said: There are simply too many factors influencing silver to even make a decent pricing prediction, but the effects of the >BRICS, governmental spending & insolvency, supply deficits and increasing global demand are already baked into >the cake.
@GoldFinger1969 said: Which means it is already in the price, since it's well-known.
You are wrong about that, mainly since all or most of these factors are continuously dismissed as irrelevant or insignificant by the financial media talking heads (and those such as yourself). These are the fundamentals, and the fundamentals will have their day.
But I am very doubtful that silver goes above $100 by 2030 (20% chance, tops)
I give silver a better than 50:50 chance of stabilizing above $100/oz. within a year. We shall see, eh?
I knew it would happen.
Yup, as a certain CNBC commentator says....that's what makes a market !