Silver is being physically squeezed

Banks and traditional precious metal dealers can only "cut losses" or exchange benefits for a "white knight" to rescue them if they do not have enough physical reserves.

⬆️ Current leading bulls: A large number of long positions are being built in the futures market, and they must be held until expiration for physical delivery.

⬇️ The dilemma for bears: Banks and precious metal market makers must deliver physical silver; if they do not have enough inventory (which must also meet delivery standards, minerals from the mountains do not count), they will have to buy at high prices in the spot market or borrow at high costs to fulfill contracts. If they cannot do either, they can only close positions at a loss at high prices.

The registered inventories in London Gold and Silver and COMEX have significantly decreased, coupled with the fact that the industrial demand for silver is inelastic (it doesn't require that much), are consuming the circulating physical supply. The bulls have now created a perfect squeeze loop where demand exceeds supply.

(London Gold and Silver and COMEX have all pulled the plug, haha)

There are also reports that India has hoarded 15,000 tons of silver, actually taking advantage of the Russia-Ukraine issue, with global economic sanctions against Russia, avoiding the dollar system, and acquiring a bundle of gold, silver, oil, and weapons from Russia to diversify reserves. The shameless country can't be dealt with by the United States.

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