SILVER ALERT! Silver Didn’t Crash — The Lease Market Imploded

Описание: Silver didn’t crash.

What broke last night was the lease market.

After silver tagged $117.19 on COMEX, trading froze, liquidity vanished, and prices gapped lower on the reopen. By morning, the media had a simple explanation ready: bubble, retail excess, inevitable collapse.

That explanation ignores the only data that actually matters.

While price was whipping around, silver lease rates exploded, the curve inverted into backwardation, and physical availability tightened even further. These are not signals of speculation. They are signals of metal stress.

In this video, I explain:

What silver lease rates really measure — and why they matter more than price

Why backwardation in silver is a red alert for physical shortages

How institutional shorts rely on borrowed metal — and what happens when metal can’t be borrowed

Why paper selling can push price temporarily but cannot fix a physical deficit

The significance of COMEX registered stocks down ~70%

Why a ~$10 Shanghai premium confirms this is a physical, not paper, event

Silver is no longer behaving like a monetary relic.
It is being repriced as a critical industrial input — and that transition is violent.

Expect volatility. Expect margin hikes. Expect headlines to miss the point.

If you want to understand what’s actually happening in the silver market, you have to stop watching the chart and start watching the structure.

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