SILVER MATH IS BROKEN: 225M Ounces Drained With Only 76M Left in COMEX

Описание: THE COMEX MATH IS BROKEN: 225M Ounces Drained With Only 76M Left | John AG


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While every headline watches the Iran memo, I want to take you to the CME Group spreadsheet published every single trading session. The one that tells you, to the ounce, how much physical silver was removed from the COMEX and driven away in trucks. Because the 6-month number in that spreadsheet is the most important data point in this market right now.

What this video covers:
✅ 225.9M oz physically delivered Dec 2025–May 2026 against a current registered pool of 79.6M oz — the market has delivered nearly 3x the deliverable pool in 6 months

✅ Monthly breakdown — Dec 64.7M oz, Jan 49.4M oz, Feb 25.2M oz, Mar 46.1M oz, Apr 16.6M oz, May already 41.1M oz — 40.5M oz average monthly rate

✅ Why the price didn't reflect it — 300% margin hike, forced liquidations, ETF rebalancing windows, BIS structural classification of January's correction
✅ World Silver Survey 2026 — 6th consecutive deficit 46.3M oz, 762M oz cumulative drawdown since 2021 that mining cannot replace

✅ Turkey January 2026 — 273 tonnes, 766% YoY, record since tracking began in 1999
✅ China March 2026 — 836 tonnes, 173% above 10-year average, largest monthly import in recorded history, 12–17% domestic premium above paper price
✅ Bank of America $130–$309 silver target; Morgan Stanley 60-20-20 model; Gundlach 25% precious metals; BlackRock restructuring away from bonds
✅ $1.13T US interest payments vs $954B defense — CBO's 2031 zero-discretionary projection; Hank Paulson's Treasury demand contingency warning
✅ UAE OPEC exit May 1 and the petrodollar structural implication for physical silver
✅ 4 signals every session — registered pool below 75M oz, China import premium, gold-silver ratio toward 40:1, Treasury yield divergence from equities

All sources linked below. Verify every number before making any decision.

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🔥 JOIN THE OG COMMUNITY — COMEX delivery framework, China premium signal, Treasury divergence map, and registered pool thresholds live in the members room now.
👉    / @ogasianguy  

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📊 SOURCES

COMEX daily warehouse report; Jan 49.2M oz, Feb 25.18M oz combined 74.38M oz = 86.4% of registered — GoldSilver.ai / CME Group:

https://goldsilver.ai/metal-prices/co...
https://www.cmegroup.com/solutions/cl...

Coverage ratio 13–14%, below 15% stress threshold 6 consecutive months; May First Notice Day 26,963 contracts:

https://goldsilver.com/industry-news/...

World Silver Survey 2026 — 46.3M oz deficit, 6th consecutive year, 762M oz drawdown:

https://silverinstitute.org/silver-su...

COMEX margin hike $15K to $54K per contract — CME Group:
https://www.cmegroup.com/clearing/fin...

Turkey January 2026 — 273 tonnes, 766% YoY — Bloomberg / Turkish Statistical Institute:
https://data.tuik.gov.tr/

China March 2026 — 836 tonnes — Bloomberg (April 20, 2026):
https://www.bloomberg.com/news/articl...

Institutional forecasts — Bank of America $130–$309, Morgan Stanley, Gundlach, BlackRock — Andy Schectman, The Deep Dive (May 4, 2026):
https://www.thedeepdivenews.com/andy-...

US interest $1.13T vs defense $954B; CBO 2031 — Congressional Budget Office:
https://www.cbo.gov/topics/budget/fed...

Hank Paulson Treasury contingency — Financial Times:
https://www.ft.com/content/paulson-tr...

UAE OPEC exit May 1 — Reuters:
https://www.reuters.com/business/ener...

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⚠️ DISCLAIMER — Educational purposes only. Not financial advice. Verify all data independently before making any investment decision.

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