🧵 | 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.
4️⃣
This is how they “manage” silver — injecting massive short volume to create an illusion of supply.
No bars change hands. Just bits and bytes.
They slam the price → trigger stop losses → rinse repeat.
5️⃣
The real market doesn’t care.
Vaults are bleeding, premiums are rising, and Asia is paying up.
Paper can pretend only so long.
Eventually the supply chain calls their bluff.
Call it what it is: a paper smash.
856 million fictional ounces can’t hide the fact that physical silver is scarce — and leaving the West fast.
#Silver #SilverSqueeze #StackerLogic #COMEX #LBMA #SilverMarket #NeverKneel
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🧵 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
2️⃣
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
🧵 | 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.
Thread 🧵 | David Jensen: The “London Promissory Note Market”
1️⃣
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.