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?

China Silver Inventory Continues Depleting at an Alarming Pace (5.2% Out In One Day) While Shanghai Silver Premium ~13.5% Above Western Silver Prices, COMEX Silver Inventories Down 22% From Their Peak

Tether CEO: Foreign States Buying Gold, Tokenized Competing Currency, Ring Tightening Around Iran, US Oil Supply Warning: Rig Count Collapsed, Iranian Parliament May Have Already Approved Closure of Strait of Hormuz, Silver Rising Since China Export Controls, Silver Panicked Selling vs Physical Accumulation

Silver Premium & China Fundamentals, Massive Paper Trades vs Zero Deliveries, Speculators Dumping Futures & ETF Outflows, Shanghai Silver Premium Projecting $200+, COMEX Registered Silver Withdrawals, LBMA & Unallocated Silver Exhaustion

COMEX On Pace To Be Out Of Silver By March, Shanghai Silver Premium Still Surging While Inventories Are Not Refilling, M2 Adjusted Silver Is $744

Prepare for pain and parabolas. Focus on the fundamentals.

Commodities as National Security, What's Coming In Silver Remains The Most Asymmetric Repricing in Markets, Gold To Silver Ratio Will Eventually Revert Towards Its Mean, Copper Is The Next Silver, Risk On Assets Are More Mispriced Than Ever

A Global Repricing Is Underway. The Largest Commodities Supercycle Is Being Born Out of the Collapse of the Debt Supercycle.

Shanghai Silver Premium Breaks Records. COMEX Positioning Lacks Longs. Copper will be the Next Silver. Robert Friedland’s Warning. U.S. Race for Resource Sovereignty Begins. Japan’s Financial System Nears Detonation.

Shanghai Silver Premium → Anchored Reality in the East, Michael Oliver’s T-Bond Warning, Central Banks Stockpiling Gold → Inside Knowledge on Currency Debasement, China’s Silver Exports to India Surge → Physical Drain on Bullion Intensifying, Japan’s Sovereign Debt Collapse → Canary in the Monetary Coal Mine

The walls between real and synthetic pricing are eroding. Central banks, Asian markets, and the silver physical market are saying the same thing.

A Supernova in Slow Motion: The Japan-Silver-Dollar Triangulation

What no one’s pricing in: Silver isn’t just money — it’s the material foundation of the next era.

How Close Is Japan To Blowing Up The Global Bond Market And Ushering In The Greatest Ever Round of Quantitative Easing?

Tick-tock.