🏰 Private Money Awakens: The Siege on COMEX Has Begun

📡 SIGNAL DASHBOARD📡

🧠STRUCTURAL ANALYSIS — “The Empire Is Short. The Rebellion Has Begun.”

This week’s COT report is not just another update — it is a declaration of intent.

• Non-commercial speculators (private money) added 8,741 new long positions, while commercial banks — the usual gatekeepers of suppression — layered in 7,235 fresh shorts.

• The total increase in open interest (longs vs shorts) was nearly neutral: 13,653 new longs vs 14,759 new shorts — a net skirmish of +1,106.

• Interpretation? Private capital is storming the gates. The banks are digging trenches.

This is not normal market behavior.

This is a battle for control of the tape, fought not with fundamentals, but positioning and price containment.

And it’s playing out on COMEX — the deepest silver derivatives market in the world, which prices the metal for the globe.

This divergence is the ignition spark for parabolic repricing.

Silver has broken above its 13-year ceiling. The price chart is no longer ambiguous.

Every ounce of disbelief shorted by the banks becomes potential combustion if the rally accelerates.
The longer this goes on, the more explosive the path forward to the eventual new all time-highs will be.

This is how short squeezes begin.

🪙COMEX REGISTERED INVENTORY

• Headline number: COMEX total silver inventory sits at ~495.5 million ounces.
  → But that’s not the real story.

• Reality check: Only ~159 million ounces are registered — meaning they’re actually available for delivery against futures contracts.
  → That’s just 32% of visible inventory.

• What does “registered” mean?
  → “Registered” = available for delivery.
  → “Eligible” = privately stored in COMEX-approved vaults, but not guaranteed to be delivered.

🌍GLOBAL SILVER MARKET STRUCTURE — “The Deficit is the Signal. The Leverage is the Fuse.”

• Annual global silver supply (2023–2024 range): ~997.8 million to ~1.015.1 billion ounces
  → Includes mine production (~812.7–819.7M oz) and recycling (~183.5–193.9M oz)

• Annual global silver demand (2023–2024 range): ~1.198.5 billion to 1.164.1 billion ounces
  → Driven by:

  • Industrial: ~55% (solar, EVs, electronics)

  • Investment: ~25%

  • Jewelry & silverware: ~20%

• Net result:
  → Structural deficit for 5 years straight
  → 2023 deficit estimated at 200.7M ounces
  → 2024 deficit estimated at 149M ounces

• No above-ground surplus left:
  → Major ETFs and depositories (e.g. SLV, COMEX) are bleeding metal to meet physical delivery pressure

• Paper silver leverage:
  → It’s estimated more than 300x more paper silver is traded annually than there is physical silver available for delivery
  → COMEX alone sees 5-6 billions of ounces in paper silver turnover annually against just ~159M oz registered
  → This is not a price. It’s an illusion of liquidity.

• Bottom line:
  → If just a small percentage of contracts demanded delivery, the entire pricing mechanism would rupture
  → The silver market doesn’t need more demand — it needs one ignition event for the revaluation to begin

🔮PROBABILITY ZONES — “The Staircase or the Slingshot”

💡Final Reflection

This isn’t about chasing tops or swinging for manias.

It’s about recognizing that we are crossing the threshold where real assets, real trust, and real systems start to assert dominance over illusions of control.

If this silver move holds above $35 through Monday… the rest of the world may finally start waking up.

And the second act of the silver bull — the one that rewrites portfolios and careers — may have just begun.

Access to real metal is still available—for now.

But as spreads widen and premiums spike during the next volatility surge, you’ll wish you acted when your dollars stretched further.

Through my vetted and trusted referral partners, you can:

• ✅ Acquire physical gold and silver (coins, bars, IRA-ready) at industry-best pricing

• ✅ Get white-glove service from real humans who know the macro, not pushy salespeople

• ✅ Receive priority fulfillment even when other dealers lock their doors

• ✅ Diversify silently, securely, and strategically before the next COMEX shockwave

If you’ve been reading my work and waiting for the clearest signal yet—this is it.

📩 Text or email me the word “METAL” and I’ll introduce you directly to the most reliable source I know. No spam. No pressure. Just alignment and action.

You already feel the shift.
Now move like you mean it.

Luke Lovett
📲 Cell: 704.497.7324
🌐 Undervalued Assets | Sovereign Signal
📧 Email: [email protected]

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