currently...march open interest: 222.7 million ouncesregistered supply: 88.2 million ounces6 days until first notice dayhistorically...80.7 million ounces were delivered in march 2025. ~20% of open interest took delivery23.1 million ounces were delivered in february 2026. 98% of open interest took delivery despite february being a minor month. this is completely unprecedentedconclusion: comex is fucked. paper-based pricing is going to be replaced by prices based on physical. the silver moonshot will be studied by economists decades from now
BUMP. BASED.
who knows...its possible. Have you checked the rolls? COMEX will pay holders to roll into next month. If they pay holders to roll then the massive spike could be held off until april. They can only roll so many times, but its still an important part of the puzzle
inb4 "they will just use jew magic to keep suppressing the price"the contracts are open, they are what they are. there is no magic wand to fix this. but there are two ways that comex could conceivably avoid implementing force majeur. 1. enough contracts roll forward to may or settle in cash, reducing oi sufficiently that even if a large percentage request delivery the registered supply will be able to handle it. this is really the only possible solution but would be completely contrary to trends which are that contacts are settled increasingly in the short term and increasingly are settled in physical. 98% delivery in feb is a huge indicator that both of these trends are holding stronger than ever. buyers want physical and they want it asap2. a ton of metal moves from eligible to registered. not going to happen at current prices. there is no incentive for vaulters to move to registered unless the price increases dramatically enough to make that option attractive. >>61883889yes it is possible that they'll employ this rule. however that in itself would be a soft default. and in that case that would paradoxically cause delivery requests to spike as trust in future deliveries becomes uncertain. not as dramatic as forced cash settlement but still an admission of defeat that would cause loss of confidence
Aren't the people standing for delivery in February the people that would have stood for delivery in March? They're just getting their orders filled ahead of time and shifting the burden, not adding to it.
>>61884026why would you assume that?
>>61883588Fuck the Comex collapse theory. And I denounce the worship of physical silver.
March 28th we make it.
>>61883979whenever the government gives them the nod comex simply will break and settle in a supressed paper price china or a new market (Texas blockchain based exchange) will become the new price setters. ironically china probably doesn't want silver too high either because they are still importing it to other countriesonce they have price control (assuming they do) they are incentivized to keep it low and accumulate it in their country. its for this reason i cap my estimates for the next floating silver price around $250-500 in todays dollars (which could mean +$1000 in a few years)
>>61883588>Your order is delayed. >Please wait an additional 2 weeks.>Thanks for playing. REMINDER:Nothing ever happens.
>>61886976>nothing ever h-ACKwe are going to 350 fn
>>61883588Thinking about ordering 50 oz more silver right now, should I wait until the jews try to drop the price tomorrow (like they do literally every Monday now) or just buy now?
>>61887849a little monday dip sounds plausible, but so does an immediate monday pumpso who knows
>>61887863Maybe I should just order now, another anon in another thread mentioned the war in Iran possibly bumping the price, so I'll just order 50 now.
>>61887871godspeed anon. i think you'll be happy with it
>>61887881Thanks dude, you too
>>61887849i don’t think you should wait. we're gonna gap up in 1.5 hours due to mexico situation
>>61887849I am personally waiting, but that's because i was already fomoing before they crashed it last time and can't risk it again. You can do it if you wish.
>>61888045Too late>>61887893This anon convinced me. Number one silver producer is in the beginning of a civil war against narcos and the comex is about to get raped by open interest, I think the price may spike tomorrow.Even I lose like $500 it's not a big deal to me.
>>61888057You literally never lose on metals until the mark of the beast appears (which doesn’t seem far off). Making your choice when that happens will make metals not matter either way
>>61888077CheckedI'm just thinking largest producer in civil war and second largest stopping all silver exports, meanwhile comex is short on supply while there is extreme demand.Something's gotta give and if it doesn't my hoard simply grows.
If COMEX and/or LBMA fall, silver goes to $500 by April.
>>61883588>>61888077>>61888096>>61888106Let the squeeze begin
>>61888188This time we beat bobo.
>>61888057the silver market opens on sundays, it just spiked. please tell me you already bought.>>61888188there is literally ZERO bear thesis for silver. silver bugs will swarm like locust and consume the entire market
There is already a physical market and it trades abojt 10$ higher. Sprry to burst the silver baron dream. *pop*
>>61888245Yes I did
>>61888301based, already in the money. we'll probably not yet because of the premium on physical but still nice comeup anon>>61888243to death
>>61888096ahaha HOLY SHIT this is a good image.SavedYou can hear the low base, one key piano note repeating.BOM....... BOM-BOM-BOM.......BOM......BOM...
>>61883588KIKEMEX is only fucked if every person does their part, in any little way they can, talk about it, stack silver, name the jew. Everyone must do their part to behead the Mohel Hydra. Do it for momma.
>>61888312Damn, I should've watermarked it "anon" so nobody steals it
>>61888188>the other side of the portal
Bobina gets a pass, right?
>>61888452why is there so much bobina but no mumina? you wouldn't think it'd be hard to find slutty cows, maybe she's rarer because bulls are male
>>61883588Will silver mooning cuck migration and make them go back?
>>61883588>the silver moonshot will be studied by economists decades from nowThis is why people with seemingly small stacks of 100-200/oz will easily make it
>>61888455
>>61888465>Tfw 64oz stacklet I have bills to pay soon so I can't afford more than 4 measly lbs
>>61888487I have 10x that and it's still not enough. Didn't buy more at 77 because maximum pain vis a vis leverage would have been lower. The average American owns zero oz so you'll be better off than most.
>>61888188Its bussin time ong
>>61888563Lets try one that isn't gay
>>61888718Shes chopped
>>61888096kek that is good
>>61886920This is an unexpectedly good take. Not saying you're right, but I agree with you. I always thought the real blow off top after the current system collapsed would come with a new BS system that will bring the price to around $200. Why $200? The old 1980s high adjusted for inflation is just over $200. Silver will overshoot that maybe by alot, but it's too useful a metal to let market forces dictate the price, so there will be a new BS system, but to account for the old system fucking up the supply chain by making miners unprofitable thereby reducing supply and causing this mess. They will have to keep the price where mining makes sense again in today's dollars. So yeah we'll have a march of dimes for a short while then big correction to around $200 is my guess.
>>61889237are you accounting for all the increased demand that is just ever increasing? they may want it to be $200 max but that doesn't mean they can keep it there
>>61889374Tldr: silver could go to 8k plus during the blow off. I am. That's why it will stabilize around $200 instead of going back to some fake low price. They need the miners back online to source metal for batteries, solar panels, AI slop, and military applications. The vaults are running down and we'll have another deficit in supply and demand this year; about 200 million onces last time I bothered to look.At the same time us peasants couldn't possibly be allowed to keep our gains, who would work the jobs AI can't replace? So they will find a balance and lock it in that range after the blow off top. Now if you're asking what the new ATH will be until that new system fails then I don't know but if I had to guess we'll get as high as a fifteen to one silver to gold ratio. Gold is going way higher too, even some banks are saying 6k eoy. My guess gold is part of the monetary reset and ends up around 100k per once, I know it sounds nuts, but the US "supposedly" has 261 million troy onces of gold no one has seen since the 1970s. Divide that by the 38ish trillion in debt (not including the unfunded stuff like SS) and you get a number north of 130k per once. 15 to 1 ratio would put silver around 8.6k per once. That's about $860 per silver dime. I'm SURE it will not last they will reboot the matrix or however you want to look at it, but the people that hold through the turmoil will be the newest "rich" people in the new world. My only regret is I'm committed to someone and can't bring myself to cheat, so no FWTDHW&HQAD for me :(. Anyone got that meme?
>>61891991it's not gonna go from 8k all the way down to 200 dude. lol
>>61892057It went from 50 to 10 in two months then kept going all the way down to 4 dollars.adjusted for inflation that's going from 200 to 16 dollars... There was no good reason it should have done that then stay so low for so long even with inflation and increasing industrial use, but it happened anyway. Maybe it will settle higher than 200 dollars, but don't underestimate the power of greedy, powerful, and unaccountable people. Think of all the gains they can make shorting it down to the point where it's just high enough to keep the miners happy, but low enough to keep anyone who didn't rotate out working in the system.
>>61883588paper contracts are cash settled you imbecile
>>61883588is it too late to buy silver?
>>61896829Never
>>61883588idk what exactly this means I haven't lurked setf or pmg in almost a yearThis is good for my stack, right?
>>61898724>This is good for my stack, right?That is the theory at least. We saw what occurred for February's delivery, 10 trillion market cap disappeared from paper. The issue here being, comex does not have the inventory registered to deliver on their IOU's if the outsized physical delivery demand continues... and so it is in their interest to nuke the paper value even harder such that the fine print of paying out in USD when they run out of silver is less of a burden.And when this occurs, actual silver in hand will decouple from JP Morgan's fractional market. With the ability to suppress precious metals prices gone, it would enter price discovery which is expected to narrow the gap of the gold to silver ratio back to historical norms which would settle near $300/oz for silver if gold did not go up - though it is expected to do so as well - and perhaps during a period of sovereign entities panic buying, it would go much higher for a time.
Death to the COMEX, FED, LBMA, and AIPAC babysitters.
>>61899261So would the optimal strategy be to sell at the high point an rebuy in when it settles a bit?>silver is money why would you sell money?Yeah I know but listen, if it hits an “overvalued” pricetag for a time would it not be better to capitalize on that gain and get even more out of it? Also money or not I can’t really do much with it sitting in my safe with the current fist system we have and fuck if I’m going to be”rich” holding onto something I can never use outside of meaningless collateral. That’s what crypto is for
>>61899303Don't sell if it gets to a point where you think it's overvalued. It's a gamble, where the price is more likely to go up than it is to go down. More often than not, you'll sell at the all-time high, only for it to go up more.>So when do I sell?Only when you really need to. If you need to pay to repair your car or something. I personally plan on never selling unless there's an emergency. A good man leaves an inheritance for his children's children.
>>61899303> So would the optimal strategy be to sell at the high point an rebuy in when it settles a bit?Although that can work out well, it can also leave you bitter if you sold too early.I know what i've got, and i understand that we'll probably end anywhere between 150$ - 500$ by the end of the year. I'm gonna be honest, if we get to the point that we reach 500$ i'll probably sell half to buy a house, slightly better car, invest the rest i still have left and get reliable stocks and a small stack to live from. In some way i have already made it like that. I don't want lambo's, just a nice life in a natural environment where i can see my future come to fruitation.
>>61883588They will not defaultThey will not cash settle
Is this a gme thread. Kek baggies
>>61883588Called it weeks ago, but first they have to settle deliveries for stock they don’t have at THEIR prices.
>>61885927We see you shlomo! I denounce the Talmud
>>61888045Happened herePaper crashing like a Shitcoin or a crapto derivative is a sign they are willing to supress silver to basement levels. Until physical decoupling happens it’s best to fuck off paper until as and when that happens, and even then it’s not clear cut because Jews
>>61888077Mark of the beast was Covid vaccinations We’re already In end times situations
>>61888245The bear thesis is supressed prices, algorithmic paper prices controlled by Jews and a COMEX FTD. I’m not fomoing just yet do as thou wilt
>>61888249Prices decoupled already? Jej
>>61900062Knew there was some chicanery still to avoid consequences of their actions FUCK
LATEST UPDATE AS OF WEDNESDAY MORNING2 days until first notice dayregistered inventory declined by 1,018,762 ounces. currently 87,172,296 ounces are available to meet demand. open interest dropping sharply as expected. 14,196 march contracts were closed, 5,350 rolled into may. remaining open interest is 114,830,000 ounces. that leaves the gap at 27.7 million ounces. this gap will certainly be closed over the next two days and oi will slide below registered just in time. this means march will (likely) be the first month of the year where deliveries will be lower in 2026 than they were in 2025. quite irregular especially for a major month when the two previous minor months unexpectedly saw blowout delivery quantity. even with march 2026 deliveries likely less than 80m ounces, registered inventory at comex is likely to be almost completely depleted at the end of the month. it's unclear how they will manage to avoid soft default in the second quarter.
>>61899861Honestly if I can I won’t ever sell but that just may not be an option which was why I was asking
>>61900608
>>61901315
>>61900608How much does the registered ozs go down by in March, and when does this happen? Does the Registered amount decrease by the open interest amount every month?
>>61901741after first notice day, any of the remaining open contracts could receive delivery notices at any time during the month. so presumably anyone who remains in the pool would be intending to take delivery. however they can still close or roll during the month if they haven't gotten a delivery notice yet. if none of them do close or roll then yes registered would decrease by the amount of oi. that's not accounting for inflows though. we would expect there to be some silver coming in from miners and refiners throughout the month. with the situation in mexico and all that's going on with refiners right now, receipts into registered will probably be way lower than usual.
>>61903365How much usually gets added to registered in a months time?
>>61888188There is a white eyed version? Damn I thought that one is Bobo incognito. The dark secret. He must dump crypto and AI so everything else can pump. There are sacrifices to be made.
>>61904340
>>61900062I've been telling you fucking retards for months that you can't beat commodity exchanges at their own game. It is rigged and you literally cannot win, but shockingly, none of you will believe it until they literally tell you specifically to go get fucked and you're not getting paid. Even then, I bet we get a BBBYQ-Warrants type thread for a good six months asking "How could they have done this to us?!???!?" Goyim really are just dumb fucks who never learn.
>>61888455Here you go! Cow Mumina with big milkers!
>>61886976Nothing ever happens, but just in case, I decided to place a gamble...
>>61900062Sounds like a default by another name.
>>61904366>instead of not being able to deliver silver, they won't be able to deliver silver>heh, checkmate
>>61904366Then you didn't understand his post at all. They don't default, they rewrite the rules and you lose.
>>61904366behold, a goyim
>>61904383>assumes that those who needs silver can accept non delivery and wouldn't go to another exchange for real silver
>>61904272it varies a lot and it's hard to tell. they only publish net change as far as i know they don’t gross inflow. if they receive 5m and deliver 5m the stock reports show nothing happened. last year they got a bunch of silver shipped in from london but since then it's been all downhill. seems like very little is coming from miners and refiners>>61904350to compare this situation to bed bath and beyond shows the depths of your retardation. ywonaywbh>>61904366it is a default. they have a dozen different ways to soft default even though hard default is technically impossible. the important thing is any of these actions would cause loss of confidence. loss of confidence = default = game over = total meltdown of us markets, and probably civil war + an actual holocaust
>>61904433>an actual holocaustoy vey, you're actually retarded
>>61900062There is still a physical shortage thougheverbeit. They can continue the kikery for another year or two. Yet, if the shortage continues until 2030, they just can't manipulate that. You can trick me, but you can't trick the guy on the ground that can't build his solar panel, or battery, or wiring, or whatever he is building, because he doesn't have the necessary silver for it.
>>61904646>t.
>>61904387>>61904350>>61904646sorry moishe the numbers don’t lie, your paper based manipulation is endingand when society breaks down and your captured institutions lose control, the six mil will be real this time it's not too late for you to accept christ though!
>>61904395This is what gets meIt’s their narcissistic attitude which makes their squirming from repercussions all the more obvious to everyone who watches.. if I’m a silver manufacturer I don’t want to be fucking around with literally fake paper IOU silver when I need it physical and in bulk. This is going to cause some problems, their can kicking just adds time
>>61905376>their can kicking just adds timeYeah, more time to stack :)
UPDATE AS OF THURSDAY MORNINGtomorrow is first notice day. tomorrow, any remaining open interest could receive delivery notices on any date in march. today is first position day, the day on which all open contracts must state their intention to close, roll, or receive. right on time, open interest has fallen below the threshold of registered supply. 11,356 march contracts were closed yesterday, of which 5,666 rolled into may. remaining open interest stands at 52,630,000 ounces. registered also declined by about 900,000 and now sits at 86,282,854 ounces. these numbers will probably be revised soon, i'll keep y'all posted. the open interest is shockingly, suspiciously low. and i'm sure it's going to drop even more today. as a reminder, january 2026, a minor month, saw 49.4 million ounces delivered. last march, 80.7 million ounces. march deliveries should never be anywhere close to that of january. so why is this month falling off so hard? it represents a reversal of a very strong trend towards higher and higher deliveries. and in a major month at that. whatever calls they made, the mad lads preserved their asses for another month.
>>61905376Bullshit, no one uses comex to acquire silver, literally nothing happens if they run out just buy it somewhere else like EVERYONE already DOES
>>61905397>It's a nothingburger which proves it's a really big deal Lmao,,,,, nothing dumber or broker than a stacktard
waaaaah waaaaah why aren't the hedgers taking delivery that they never wanted waaaaaaaah it's not fair waaAAAAAAAAJHLMAO SCAM VICTIM SCAMMED AGAIN
>>61905487>>61905476>>61905501good morning iq saar thank you for blessing my thread
>>61905507Have they told you what lie you are pushing next to scam the white incels?
>61905542>white>t.He wishes he was white.
>>61905501I've no idea what I'm talking about but if physical silver is over $10 more valuable than paper why wouldn't they take delivery.
>>61905738What if paper silver is worth $29 more
401k loser lost $50,000...... lmao,,, learned nothing
>>61905738Because they have to play the game of getting out with actual silver instead of comex collapsing and giving them a suppressed USD price in place of metal.
>>61905995but as the delivery date draws near the price seem to get closer like if under arbitrage with a game of chicken on top, that's quite fucked up.
>>61905738yeah this is why we expect more delivery interest than usual
>>61905963What the fuck are you going on about nigger?
FIRST NOTICE DAY UPDATEtoday is the day that delivery notices will begin to be issued. any remaining oi could receive delivery at this point. yesterday registered dropped by ~200k and now stands at 86.1 million. open interest dropped as well to 31,070,000.all i can say is, what the fuck? this is on par with the numbers from february and significantly less than that of january, both of which are minor months. deliveries in a major month should never be this (comparatively) low. its as if the minor/major distinction has lost all meaning. this is ANOTHER unprecedented event at comex and is a further clue about the drastic situation we're undergoing. we were all expecting oi to fall, but for it to be less than january is actually ridiculous. one has to wonder what strings were pulled to make this happen. and of course, one also has to look ahead to may. 389 million ounces are currently open for may.
>>61910542Tl:dr may is when silver moons?
>>61911132it's highly likely, unless the amount of registered supply goes up significantly. after this month we'll be at around 50 million ounces. that is a pitiful amount that could easily be slurped in a month. that's actually an understatement, from where things stand today i have no idea how they could survive may.
>>61910542>all i can say is, what the fuck? >one has to wonder what strings were pulled to make this happen.We are dealing with forces that can make the rules up as they go and there is no oversight. What happened this month will happen again in May. They can endlessly bribe or threaten to kill anyone who intends to take physical delivery. They can increase registered by moving it from eligible or pulling from some secret stockpile. They could probably deliver silver in non good delivery 1,000 oz bar specs. They can declare a fake emergency to buy more time. The possibilities are endless. However, I don't think they can keep this up for a whole year though as this doesn't solve their fundamental shortage problem.
>>61905559I'm a White guy in India right now unironically. Every meme you see about India is 100% accurate.I'm so hungry because the food is all straight diarrhea trash that I won't even eat when I'm starving.
>>61886920They have price control now. That crash in late January was because bullion dealers stopped purchasing. They're slow walking the price up. Wherever it settles is anyone's guess, but it isn't going to stop increasing until production increases.
>>61913329It’s why the plan right now is too play safe, the high volatility play had a downside which was too obvious, and the hype was stinging my eyes. Realistically, I saw can kicking in the pipe too.
>>61913254Are you a curry driller? I'm always surprised how britbongs can do it without throwing up.
IS IRAN WAR BULLISH OR BEARISH FOR SILVER?will we see a global meltdown like covid this week with pms going down? or a pump for gold like for ukraine war?
>>61913254what the fuck are you doing there?What is wrong with you?No. You ain't white. You're a light skineed dalit
>>61915219China is going to fully restrict all rare earths and critical metals exports like silver by Monday.
>>61915223so, hope they don't announce it before market opens and we all dog pile on calls? kek
>>61883588Sorry to be the messenger. Just because something is meant to work like you think and should doesn't necessary mean it does. Be prepared for them to jiddle their way out of this mess.
>>61915238>jiddle their way out of this messAKA kick the can down the road
It's actually been pretty funny to watch a large group of relative newcomers experience the Comex nothing burgers for the first time. I've been stacking a long while and there's always been some narrative about how the Comex CAN'T POSSIBLY fulfil obligations due to some shortage and they're TOTALLY GOING TO COLLAPSE AND CLAIM FORCE MAJUERE ON THE NEXT DELIVERY MONTH. In the end it always just.....rolls over and nothing happens. The whole comex narrative shit is like a rite of passage for silver stackers.
>>61918074yes, this has been a conversation since 2011yes, comex has weasled their way out of collapse thus farBUT silver isn't some ethereal non-asset that can be manipulated forever. supply and demand is the law of commodities. hence the awesome repricing that is currently underway. is $20->$120 in a couple of years a nothing burger? clearly the market understands that a failure to deliver is imminent
>>61918216>silver isn't some ethereal non-asset that can be manipulated foreverlol>supply and demand is the lawthat was when derivatives were a complex matter, today fear and greed are the law, pricing of everything is based on vibes
>>61918238gold and silver are THE ultimate fear assets. we are in a fear market and there is much more fear to come. i’m sure you're butthurt that you missed the run up to this point, but it's not too late anon. get what you can while you can or else you will own nothing. and no, you won't be happy
>>61918249we've been in a fear market for a whole month and they ran out of spooks, it's all greed from now on
>>61918268>thinking in terms of months not years and decadesnot going to make it. very goyish.
Can I just buy into an ETF?It's a lot more convenient than physical but these stackers keep scaring me with tales of how ETF's will suddenly drop to zero when the silver runs out but I don't really understand why.Are they just fearmongering or is there legitimacy to their claims?
>>61919892depends which one you buy. slv is garbage it's not even fully backed by silver. if/when comex does default slv is going to dump. the one you want is pslv which is fully backed audited and allocated.or you can go with agq if you want leverage. however, metals are for safety and there is nothing more safe than holding the physical yourself. we like to say if you don't hold it you don't own it, because trusting someone else to be your custodian always carries risk
>>61919996I bought WisdomTree's physical silver because it was the only one my euro ass could buy into. I don't know much about it though.>metals are for safetyI'm broke nigga I'm looking to make money not preserve it.Frankly I wasn't interested in metals at all until I saw silver outperform the stock market by like 5 times last year.I'm committed to it now but it would be a lot more practical to do business on my phone rather than having to carry heavy goods to some store and haggle with the owner like it's 1926.But obviously I don't want to wake up one day and see something like "yeah you used to have 400k but the thing broke o algo so now it's all gone sorry". Just wanna know how realistic these claims are.
>>61920027woah euros can’t buy pslv? if you're just trying to make money buy AGQ and GDXU. i do expect them to continue poomping.i can’t really say how realistic it is to expect etfs to depeg. it depends how backed they are. go for the ones that are fully backed by physical and not a basket of bullshit like slv. if pslv ever does depeg i would expect it to snap back very soon and maybe even function like a comex replacement in the future. but if i was in your position i wouldn't even worry about it though, just buy the leveraged etfs and wait for it to pop off
>>61920027You can buy PSLV in Europe, at least on Interactive Brokers. Which app are you using?
>>61883588>the silver moonshot will be studied by economists decades from nowYou act like this has never happened before, when the truth is the lies of what money is not have never lasted this long before that we know of, but it's honestly not a historical anomaly
