Bill’s Commentary:
“The world was more “real” back then!”
Bill’s Commentary:
“Good read on the state of the silver market.”
The Silver Price Lie Is Crumbling: London Just Proved It
Topic: Silver lease rate in London jumps to 6.1% for one month
Precious metals analyst Karel Mercx states, ”That tells you everything about the recent crash. This was leverage in paper getting flushed, not a collapse in physical demand. If supply were loose, professionals wouldn’t be paying top dollar to borrow silver right now”
The Smoking Gun: Silver’s Tight Supply Exposed
London just flashed the truth the charts can’t hide. The one‑month silver lease rate has jumped to 6.1%, the highest in years. That single number says everything about what’s really happening—paper silver is getting flushed, but physical demand is stronger than ever.
Bill’s Commentary:
“The math coming in to March!”
Comex and Shanghai Are Bleeding Out: The Silver Vault Drain That Breaks The Paper Market In March
Relentless delivery demands on COMEX and plunging Shanghai stocks signal a looming physical crunch, as registered inventories race toward exhaustion and paper promises collide with hard metal reality.
The COMEX silver market stands just three weeks away from what could become its most consequential delivery month in modern history, as official exchange data reveals an accelerating drain on physical inventories that threatens the integrity of the world’s primary silver futures exchange.
The numbers tell an extraordinary story. In 2025, total silver deliveries through COMEX reached 474.4 million ounces—more than double the 202.7 million ounces delivered in 2024. This wasn’t a one-time anomaly. Every single month of 2025 saw higher deliveries than the corresponding month in 2024, indicating a fundamental shift in how market participants are using the exchange. Rather than rolling contracts forward or settling in cash, traders are increasingly demanding physical metal.
BillHolter.com 