Silver looks calm on the screen, but beneath the surface something is breaking.
In this video, I break down why silver’s paper price no longer matches physical reality, why COMEX open interest is collapsing, and why the U.S. Mint is quietly revealing a massive disconnect in the market. We’ll walk through the math behind paper-to-physical decoupling, delivery risk, and what could happen as March delivery approaches.
0:00 The Ghost in the Exchange
2:17 The Sovereign Fault Line
3:46 The Great Divergence of January Seventeenth
6:35 The Theater of Empty Promises
11:01 Auditing the Infinite Leverage
14:40 The Institutional Counter-Narrative
19:24 Impending Liquidity Black Hole
23:41 My Private Line in the Sand
28:36 The Silent Exit Has Begun
Credit to : Metals & Markets