Thread: The U.S. Banks’ Silver Short Implosion 🧵
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🚨 Big news from the COMEX silver market:
U.S. banks are slashing their short positions at a record pace. What does it mean for silver’s future? Let’s break it down…
Source: From Ed Steer report
1/
🚨 Big news from the COMEX silver market:
U.S. banks are slashing their short positions at a record pace. What does it mean for silver’s future? Let’s break it down…
Source: From Ed Steer report
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📉 According to the September Bank Participation Report:
5 major U.S. banks now hold only 13,779 net short contracts in silver — down from 25,916 in August.
That’s a 47.5% month-over-month decline — the smallest short position since June 2019.
📉 According to the September Bank Participation Report:
5 major U.S. banks now hold only 13,779 net short contracts in silver — down from 25,916 in August.
That’s a 47.5% month-over-month decline — the smallest short position since June 2019.
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Their share of total open interest?
👉 Just 8.7% — and possibly even lower after the report’s cut-off.
For years, these banks have been the backbone of COMEX shorting. Now, they’re pulling back
Their share of total open interest?
👉 Just 8.7% — and possibly even lower after the report’s cut-off.
For years, these banks have been the backbone of COMEX shorting. Now, they’re pulling back
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🌍 Including all 24 reporting banks (U.S. + foreign):
Net short = 40.1% of total open interest
Down from 44.6% just a month ago
This marks a broad retreat from short exposure.
🌍 Including all 24 reporting banks (U.S. + foreign):
Net short = 40.1% of total open interest
Down from 44.6% just a month ago
This marks a broad retreat from short exposure.
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💡 Why are the banks backing off? Possible reasons:
🔥 Exploding physical demand (ETF inflows, mint shortages, record coin sales)
💡 Why are the banks backing off? Possible reasons:
🔥 Exploding physical demand (ETF inflows, mint shortages, record coin sales)
6/ 🏭 Silver as a critical mineral for energy, tech & defense
🇨🇳 China’s pressure on commodities & supply chains
📉 Weakening economy — shorting is too risky
🪙 Gold rallying hard — silver usually follows
🇨🇳 China’s pressure on commodities & supply chains
📉 Weakening economy — shorting is too risky
🪙 Gold rallying hard — silver usually follows
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📈 If U.S. banks are exiting their shorts, it could mean only one thing:
The market is preparing for a major upside move.
The old playbook is breaking down.
The floor under silver keeps rising
📈 If U.S. banks are exiting their shorts, it could mean only one thing:
The market is preparing for a major upside move.
The old playbook is breaking down.
The floor under silver keeps rising
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💥 Bottom line:
The U.S. banks’ silver short implosion is a bullish signal.
When the “paper walls” crumble, the physical market will speak loudest.
#Silver #SilverSqueeze
💥 Bottom line:
The U.S. banks’ silver short implosion is a bullish signal.
When the “paper walls” crumble, the physical market will speak loudest.
#Silver #SilverSqueeze
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