COMEX SILVER DELIVERY CRISIS – The System Is Breaking Under the Surface

Описание: January silver delivery is showing behavior that has never appeared in a minor COMEX contract before. Open interest is reaching record levels for January, registered inventory has been drained by roughly seventy percent over the last four years, and major institutions are standing for physical delivery instead of rolling paper contracts.

In this video, we break down why delivery stress matters more than price, how backwardation signals immediate physical tightness, and what it means when spot silver trades above futures for weeks at a time. We examine COMEX inventory mechanics, the difference between eligible and registered silver, rising physical premiums in Asia, and why China’s new export licensing rules are removing a large portion of global refined supply from the open market.

This is not a forecast or a price call. It is an analysis of observable market mechanics and delivery behavior, and what happens when a leveraged pricing system begins to face sustained physical constraints. January is not about targets — it is about whether the paper market can continue to function the way participants assume it does.

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Disclaimer:
This content is for informational and educational purposes only and reflects analysis of market structure and publicly available data. Nothing in this video should be considered financial, investment, or trading advice. Markets involve risk, and viewers are responsible for their own decisions.