📡Sovereign Signal📡

US Bankruptcies Hit Highest Rate Since COVID, Margin Debt Makes Yet Another All Time High, 0DTE Options' Volume Hits New Records, Consumer Credit Card Debt 90 Days Past Due Hits Record 12.7%, Equity Risk Premium Goes Negative

Silver is the other side of the risk on speculative, driven mania.

China just made it much harder to short silver unless you can prove you actually need to hedge a real physical position - new rules eliminate automatic rollovers for those short positions month to month. COMEX silver is leaving vaults at a high-velocity rate (~4M oz/day recently), with only ~101M oz registered (deliverable) left.

Buckle up brah.

COMEX Silver On Pace To Be Drained In Under 3 Months, China's Silver Inventories Down 88% Since Their 2021 Peak - The Global Physical Silver Market Is On The Brink

This will be a re-pricing event talked about for generations.

Silver's "paper" market is completely disconnected from physical reality. Michael Oliver (Momentum Structural Analysis) believes $300-$500 silver may be in the cards in 2026.

The last week of January saw over 6 billion ounces of silver traded — 7+ years of global production — in a single week, while physical inventories in Shanghai and COMEX are collapsing.

BOTH East (SHFE) and West (COMEX) Continue to Bleed Physical Silver, Silver Futures Traders Positioning Update, Silver Miners Suggest Short-Term Bullish Price Action For Silver, China Continues To Load Up On Gold

China Suspends 6 Groups of Accounts Amidst Abnormally Large Silver Liquidations, Silver Lease Rates Back Above 6% in London, Over 1 Billion Ounces of Silver Traded Daily In Last 7/9 Days, SHFE Vault Bleeds 15% In One Day

Silver's fundamentals are screaming "HIGHER NOW." We'll see how long it takes for price action to follow.

Silver's Dislocation Points To A Market That's Breaking, 17.5M Ounces Claimed For Physical Delivery in First 4 Days Of February on COMEX Against Just 104M Ounces of Available Inventory

Spot down over 12% this morning while the world is literally running out of silver. What a joke.

Did Silver Shorts Just Narrowly Avoid A Default By Draining Vaults During Friday's Sell Off?

Typically, 1-3% of COMEX contracts result in physical delivery. During the Friday sell off, all paper shorts found buyers that demanded physical delivery. Open interest just collapsed to it's lowest since May 2025.

China Silver Vault Drains 2.8% in a Day, Shanghai SGE Silver Stock Drops to 494 Tons, Shanghai Silver Price Trades at 16.71% Premium Above Western Silver Price, COMEX Silver Vault: 104m Oz Registered vs 740m Oz Open Futures Positions, Gold Positioning Indicates Not Near Bull Market Top, U.S. Declares Metals ‘Strategic’ + $12B Stockpile

2.5× annual global silver production traded in one day, Shanghai silver premium blows out to record highs, COMEX silver available for delivery continues to decline, Silver backwardation (scarcity indicator) persists despite a sell off of statistically impossible magnitude

Just when you think it can't get any weirder.

"In the last 24 hours...half of the GDP of the United States" was liquidated from gold and silver. "We just witnessed the first Sigma-10 event in financial history. Mathematically, this shouldn't happen in the lifetime of the entire universe."

CME & LME “Technical Issues” During Price Surges, Surging SLV Borrow Costs, Shanghai Silver Premium at 15%, SHFE Silver Inventories Are Plunging, SLV Market Cap Doubled Over 100 Days

We said there would be pain and parabolas ahead. Nothing has fundamentally changed. Expect more big moves in both directions. The world's largest consumer of silver (China) is almost out of physical. What do you think will happen then?