🧵 | Why London “needs” COMEX silver
1️⃣
Let’s be clear:
London doesn’t need silver to trade it —
it needs silver to survive its own lie.
#Silver #LBMA #COMEX
2️⃣
LBMA runs on “unallocated” paper promises.
No one actually owns metal — they own a claim on a claim on a claim.
When someone dares to ask for real bars, the vaults suddenly “need a few days.”
Cute.
3️⃣
So what happens when those requests pile up?
They call New York.
COMEX “lends” metal — not sells it — so London can pretend it’s solvent for another week.
4️⃣
It’s not liquidity.
It’s life support.
A transfusion from one dying patient to another, so both can tell the world they’re “healthy.”
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Meanwhile, every physical ounce leaving NY is one step closer to revealing the truth:
there’s not enough silver to cover the paper.
Not even close.
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LBMA and COMEX aren’t markets — they’re a cartel of promises.
They move metal around like props on a stage.
The audience sees silver.
The backstage sees panic.
7️⃣
So yeah, London “needs” that metal.
Not to trade it — to hide the shortage long enough for another press release about “robust liquidity.”
8️⃣
But hey — keep stacking.
Because when the curtain drops,
the only thing left standing will be the metal in your hand. 🪙
#SilverSqueeze #StackerLogic #LBMA #COMEX #Silver
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🧵 | Paper Smash Confirmed — COMEX vs. Physical Reality
1️⃣
Friday’s COMEX data (Oct 10 2025) tells the story:
Open Interest jumped +1,591 contracts in one day — that’s ~8 million paper ounces of “silver” magically appearing on screens.
Volume hit 158,816 contracts.
No mine dug this metal out of the ground overnight.
2️⃣
Each COMEX contract = 5,000 oz of Ag.
Total OI now stands at 171,302 contracts = 856 million oz paper silver.
Meanwhile, COMEX warehouses hold just ~280 million oz registered + eligible.
That’s 3 paper ounces for every real one.
3️⃣
What happened next?
Price dumped below $51 while China’s SGE and SFE traded $59+ per ounce.
A $8 spread between East and West.
Physical stays strong — paper panics.
🧵 1/
🚨 Silver just broke $50.
Now at $51.40/oz, up +2.2% today — and smashing through every technical ceiling in sight.
This isn’t a rally anymore.
It’s a structural break.
#Silver #SilverSqueeze
2/ LBMA clearing data for August showed +26% jump in silver transfers — fewer transactions, but 43% bigger average size.
That’s not “trading.”
That’s metal moving across oceans.
COMEX → London.
Spot market’s starving for real ounces.
3/ When it takes 18 years to open a new gold mine in Australia, imagine how long it takes to restart a silver supply chain already running dry.
Demand can overwhelm supply fast.
#Gold #Silver
1️⃣
🚨 BREAKOUT CONFIRMED
Silver just hit a new all-time high — $51.47/oz.
This isn’t a rally. It’s a rupture in the system. Mini thread with a big meaning 💥🧵
#Silver #SilverSqueeze
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For years they said: “Too heavy to move, too cheap to care.”
Now silver is proving why real money always finds its way out when paper markets run dry. 💥
3️⃣
LBMA spot > COMEX futures.
Borrow rates surging.
Physical premiums exploding.
They’re not “trading silver” anymore — they’re fighting for it. ⚔️
Thread 🧵 | Something big is brewing behind the scenes
1) Nomura: reports $150B in forced selling on Oct 10.
Funds were liquidating, margin calls flying. Somebody had to raise cash — fast.
#Markets #BlackMonday
2) Meanwhile, Trump posts on Truth Social:
“Don’t worry about China, it will all be fine.”
When politicians start saying don’t worry, it usually means someone is definitely worried.
3) Within an hour, Bloomberg reports:
“China declined a US phone call after export control announcement.”
Diplomacy freezes. Communication breaks down
Thread 🧵 | David Jensen: The “London Promissory Note Market”
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Mining executive & metals analyst David Jensen (@JensenStrategic) says it plainly:
The LBMA isn’t a bullion market — it’s a promissory note factory.
Unallocated paper claims there are orders of magnitude larger than COMEX futures.
#Silver #Gold #LBMA
2️⃣
LBMA’s spot market trades over 300 million oz of silver daily, equal to 3 billion oz turnover —
in a world that mines ~850M oz per year.
That’s not “liquidity.”
That’s leverage on promises.
Meanwhile, COMEX averages just 100–200k contracts daily (~0.5–1B oz).
3️⃣
For gold, London holds ~385M oz in paper claims vs 280M oz in vaults, much of it locked in ETFs or leases.
Translation: the “physical” market is a spreadsheet illusion.
COMEX may set headlines,
but London sets the price — on paper.