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Honza Černý Profile picture
@honzacern1
Oct 22 • 8 tweets • 1 min read • Read on X
1⃣Rumor says LBMA just leased 150 metric tonnes (4.8M oz) of physical #Silver from Chinese national banks via the Shanghai Gold Exchange (SGE) —
at grotesquely high lease rates. 🤯
That’s not normal. That’s panic.

Huge respect to Erik – @KingKong9888, absolute legend!
2️⃣

Why borrow silver from China?

Because London doesn’t have enough.

If LBMA vaults were comfortably stocked,
they wouldn’t be paying sky-high rates to lease metal halfway across the world. ✈️🥈
3️⃣

China knows it holds the leverage.
High lease rates = “You want our metal?
Pay up.” 💰🐉

This is not generosity.
It’s strategy.
4️⃣
Western vaults are quietly draining.

Asian vaults are full — and charging rent.

The balance of power is shifting east,
ounce by ounce. 🌏⚖️
5️⃣
For stackers, this means one thing:

You were right all along.
They can lease paper,
but not confidence.
They can borrow ounces,
but not time. ⏳
6️⃣
If the LBMA is begging for metal at grotesque rates,
it’s because the paper game is bleeding into the physical world.

And when that happens — the endgame accelerates. 🦍🔥
7️⃣
Stay calm. Stack physical.
Because when they lease…
you own. 🥈💪
#Silver #Stackers #LBMA #China #SGE #SilverSqueeze
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More from @honzacern1

Honza Černý Profile picture
Oct 22
1/
 🇮🇳 CONNECT THE DOTS:
Until March 31 2026, India restricts silver imports (DGFT licensing).

From April 1 2026, the RBI will allow 85% LTV loans against gold and silver. 🏦🥈 Image
2/
 What changed?

“Free” imports → now Restricted.
You’ll need a license to import certain silver jewelry/products.

Goal: curb duty evasion, improve traceability, and clean up import channels.
3/
 Timing isn’t random.

First, tighten the gates on unmonitored inflows.
Then, let banks operate with silver as collateral safely and transparently.

March 31 → April 1. That’s not coincidence.
Read 11 tweets
Honza Černý Profile picture
Oct 22
1/
 🇮🇳 RBI just moved silver into the “gold league.”
The Reserve Bank of India raised the Loan-to-Value ratio to 85% for loans against gold and silver (up to ₹2.5 lakh). 🏦🥈 Image
2/
 What does it mean?

Indian banks will now officially accept silver as collateral, just like gold.

A huge shift — from retail to institutional recognition.
3/
 🔧 Applies to: commercial banks, urban & rural cooperative banks, and NBFCs (incl. Housing Finance Companies).

🗓 Effective: April 1, 2026 — part of a standardized, regulated framework for lending against precious metals.
Read 12 tweets
Honza Černý Profile picture
Oct 22
🧵 THREAD:
"October 2025 — the month silver steps into the spotlight." 🥈🇺🇸
1️⃣
Something big is coming.
The U.S. Department of Commerce has been running a Section 232 investigation on silver — to decide if America’s dependence on foreign silver is a national-security risk.

That report was due by late October. ⏳
2️⃣
Section 232 is no joke.
It’s the same law used to protect steel, aluminum, and critical energy metals.

If silver is confirmed as critical, the U.S. could:
– restrict exports,
– boost domestic mining,
– or even create strategic silver reserves.
Read 9 tweets
Honza Černý Profile picture
Oct 22
🧵 THREAD:
“Where do they keep getting it from?” 🥈

1️⃣
SLV – iShares Silver Trust.
Borrow fee: 9.25%.

Available shares to short: 100,000.
Yesterday: zero.

Today: magically full again.
Where did it come from? 🤔 Image
2️⃣
No, they didn’t fly in pallets from COMEX.

These “shares to borrow” don’t come from real silver.

They come from the system itself — paper, derivatives, and interbank lending.
3️⃣
SLV runs through Authorized Participants (J.P. Morgan, Citi, Goldman…).

They can create new ETF shares anytime, backed not by metal,
but by promises — synthetic hedges and swaps.
Read 7 tweets
Honza Černý Profile picture
Oct 22
🧵 THREAD:
China just drained more silver from its vaults — while the West keeps shorting paper. 🥈🇨🇳
1️⃣
SGE/SFE Daily Report — Oct 22, 2025
China’s silver vaults just lost 57.7 tons of metal in one day.

That’s 1.85 million ounces physically withdrawn.

Vault levels hit a new low since COVID-19.
2️⃣
Weekly data confirm it:
➡️ From 1,108,065 kg last week
➡️ To 1,050,675 kg this week
📉 Down 57,390 kg in just seven days.

Physical silver is flowing out of exchange warehouses — fast.
Read 9 tweets
Honza Černý Profile picture
Oct 21
🧵 THREAD:

“What if bullion dealers had to follow the COMEX dump?” 🥈💥 Image
1️⃣
Imagine this:
Silver futures crash −8%, COMEX shows panic, and yet… physical silver is tight.

What happens if retail bullion dealers are forced to match paper prices?

Spoiler: the entire illusion collapses. 👇
2️⃣
Dealers buy real metal — mined, refined, insured, and shipped across oceans.

Their costs don’t fall just because Wall Street hits the “short” button.

If they followed today’s −8% futures crash, they’d sell below replacement cost.
That’s suicide for any real-world business.
Read 8 tweets

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