The numbers are drawing serious attention:
🔢 Short exposure: ~$4.4B
⛏️ Supply required to unwind: ~5.5 years of global mining output
🏭 Industrial demand: ~60% of annual silver supply
This creates a structural imbalance that markets don’t ignore for long.
🏦 While paper markets attempt to manage price through leverage, physical supply remains finite. You can roll contracts—but you can’t print metal. Each effort to reduce short exposure risks adding upward pressure instead.
📈 This is what many describe as a short-pressure feedback loop:
➡️ attempts to exit tighten liquidity
➡️ tighter liquidity increases volatility
➡️ volatility raises delivery risk
🚪 The exit door narrows as demand for physical settlement grows. How this resolves will depend on positioning, timing, and real-world supply—not headlines.
⚠️ Stay informed. Watch the data. Manage risk.
#Silver #commodities #Macro #SupplyDemand #Marketstructure 
#PhysicalAssets #
