🚨 SILVER IS FLASHING A WARNING — AND MOST PEOPLE ARE MISSING IT

If you think silver is trading at $100/oz, you’re only looking at the paper price.

The physical market tells a very different story 👇

📍 COMEX (paper): ~$100

🇯🇵 Japan (physical): ~$145

🇨🇳 China (physical): ~$140

🇦🇪 UAE (physical): ~$165

That gap is not normal.

In a healthy market, arbitrage would close this spread fast.

But it hasn’t — and that’s the signal.

⚠️ Why it matters: • Physical silver is clearing far above paper prices

• Paper supply keeps expanding while real supply tightens

• Large short positions mean price discovery is being delayed, not resolved

What we’re seeing: 🔹 Physical silver quietly leaving vaults

🔹 Paper contracts multiplying

🔹 Real demand > synthetic supply

This setup can persist — until delivery pressure forces a reset.

No dates. No hype.

Just growing tension between paper promises and real metal.

When that tension breaks, the screen price won’t be the one that matters.

Most people won’t see it — because they’re watching the wrong market. 👀📊

$XAG

XAG
XAGUSDT
103.34
+0.40%