By all accounts, silver has been in a structural deficit, with global demand exceeding global production, for over four years now:
Above ground supply has made up the difference with inventory draining from major vaults in the COMEX and LBMA systems since early 2020.
COMEX silver vault inventory:
LBMA silver vault inventory:
Tariffs, EFP Spreads and Monkey Wrenches
In late November, 2024, President Trump announced 25% blanket tariffs were to be imposed on goods from Canada and...
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An overview of recent developments in the silver market and the nascent #silversqueeze 2.0 effort.
It's being widely reported that the Bank of England is delaying gold deliveries by 4 to 8 weeks. This appears to be a technical default...
Considering the possibility of gold as unpegged legal tender ...
... history only records six characteristics for money. It is with the development of digital money systems that a seventh characteristic for money becomes apparent ...
The American government is currently employing a three pronged attack on the crypto industry in an attempt to suffocate it. ...
Tracking silver vault totals for the COMEX, LBMA and SGE/SFE monthly. Also contains news and discussion related to industrial demand vectors for silver.
Tracking the status of several GAULT bills introduced in the Texas state legislature ...
Ongoing discussion of events related to the world reserve currency ...