Honza Černý Profile picture
Dec 4 11 tweets 2 min read Read on X
1/
Something BIG just happened on COMEX.
Not in price…
but in deliveries.

And that’s where the real story always hides.

565 silver delivery notices were filed in a single day.
That’s 2.8 million ounces standing for delivery. Image
Image
2/
Who took the silver?
Not retail.
Not algos.
Not tourists.

But the giants:

BofA — 401 STOPPED
JP Morgan — 342 STOPPED (1 issued)
Marex Spec — 128 STOPPED

RBC — 80 STOPPED (25 issued)

Scotia, StoneX, BNP also loading up.

These aren’t people who “speculate.”
These are firms who prepare.
3/
Bank of America — widely reported as one of the biggest synthetic shorts in silver — is suddenly taking delivery.

When a major short starts grabbing bars, you know exactly what time it is.
4/
JP Morgan — normally the warehouse king and quiet supplier — is no longer supplying.
They’re stopping deliveries.
They’re adding silver to their pile.

That doesn’t happen in a relaxed physical market.
It happens when the market is stressed.
5/
The total for December so far?
10,000+ silver contracts have already stood for delivery.

That’s 50+ million ounces.

This is not “normal flow.”
This is institutional accumulation during a shortage.
6/
And this is the part most people miss:
They’re not just trading paper.

They’re transferring warrants — claims on real bars.
When the big players start competing at the warrant level, it’s a sign:

physical supply is tight.
You don’t fight for something abundant.
7/
The takeaway?
Stackers were not paranoid.
Stackers were early.

The system is moving toward a moment where paper no longer guarantees metal.

Where “eligible” doesn’t mean “available.”
Where the disconnect becomes undeniable.
8/
Here’s the truth no analyst on TV will say:
Institutions are doing EXACTLY what stackers have done for years…
just with a few zeros more.

They’re stacking because they see what’s coming.
You’re not crazy.
You’re ahead.
9/
When the biggest banks on earth scramble for physical silver…

that is not a bearish signal.

That is the loudest silent alarm the market can give.

Stack wisely.
Stack consistently.
Stack early.

Because soon…
there won’t be enough.

#Silver #SilverSqueeze #SilverStackers #COMEX #PhysicalSilver #SilverBullion #HardAssets #SoundMoney
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More from @honzacern1

Dec 6
1/ 🧵 EXPLAINED: “BRICS gold-backed currency” (the UNIT) — and why stackers should care.

Lots of noise. Some signal. Here’s the clean version.👇 Image
2/ First: BRICS has NOT officially adopted a single common currency (despite years of headlines). Even BRICS officials have repeatedly emphasized national-currency settlement over a new shared currency.
3/ So what is “UNIT” actually?
UNIT is best described as a proposed settlement / unit-of-account concept linked to a basket:

✅ gold + ✅ BRICS currencies often tied to the IRIAS framework — but not an official BRICS policy instrument.
Read 15 tweets
Dec 6
🧵 THREAD: Silver, Simulation, and the System Glitch Nobody Talks About

1/
Financial markets today feel less like “price discovery”…

and more like simulation management.
Paper promises everywhere.

Real metal nowhere.
Sounds familiar? Image
Image
Image
2/
In that sense, the Matrix isn’t just a movie.
It’s the perfect metaphor for the paper silver markets:
illusion of abundance
endless code

and the belief that “everything is fine”…
until one line of data exposes the glitch.
3/
Here’s the uncomfortable truth:
Most people still think the paper price is “reality.”
It isn’t.

Reality is what you can take possession of.

Reality is finite.

Reality has weight.

That’s why stackers see what others don’t.
Read 13 tweets
Dec 6
🧵 THREAD: What the CFTC COT Delay Really Means (and why stackers should care)

1/
The CFTC just announced something unprecedented:
They’re delaying future COT reports because they must finish pastones first.

This isn’t just bureaucracy.
This is a market signal.
2/
Reminder:

The COT (Commitments of Traders) report is the X-ray of the futures market.

It shows:

who’s adding big shorts
who’s taking physical-leaning longs commercial hedging behavior when the paper market tightens and when someone is trying to hide footprints

When the X-ray goes dark → transparency disappears.
3/
The official excuse?
“Government funding lapse from Oct 1 to Nov 12.”
Okay…

But look at when this happens:

extreme daily volumes
chaotic COMEX OI revisions (two weeks ago)
elevated EFP/cash settlement
registered inventories bleeding
and price still refusing to break down

Right in the heat of the storm… the lights go out.
Read 10 tweets
Dec 6
🔥 THREAD: Silver Is Quietly Stealing Gold’s Throne

1/
For years, silver stackers were mocked.

“Industrial metal”
“Too volatile”
“Poor man’s gold”

And now?

Mainstream media is finally catching up.
Bloomberg just admitted something huge. 👇 Image
2/
In the last 3 years, silver outperformed gold by an insane margin:
+98% in 1 year

+130% in 2 years

+173% in 3 years

This didn’t happen by accident.

It happened because the physical market is screaming.
3/
Why?

Because silver isn’t just “money.”

It is:
energy transition metal

solar backbone

electronics essential

medical-grade antibacterial

defense-critical

AND a monetary metal

Gold has one job.
Silver has ten.
Read 9 tweets
Dec 5
THREAD: How hard is silver manipulation right now?
And why the price holding this strong is the biggest red flag for the banks.

1/
Look at the volumes.

COMEX is throwing hundreds of millions of paper ounces at the market every single day.

Futures + options volume at levels that make zero sense when physical inventories are near historic lows.Image
Image
2/
This is not trading.
This is suppression.
A deliberate attempt to drown the price under a tidal wave of synthetic ounces that don’t exist.
3/
And here’s the punchline:

Even with all this paper, silver STILL holds 58–59 USD.
That’s what panic looks like.

Because if the market wasn’t critically tight, this level of paper would smash the price by 10–15% instantly.
Read 6 tweets
Dec 5
THREAD 🧵: CME “Daily Delivery Notices” aren’t boring PDFs.

They’re the receipt printer of the real metal market.
If you’re a stacker, this is where you look — not at the squiggly price line.

1/
First rule: “STOPPED” = someone took delivery.
That’s the line where paper turns into physical.
Second rule: “ISSUED = delivered out.”

So when big names are stopping… they’re not “trading.” They’re loading the truck.Image
Image
Image
2/
On this report, the headline isn’t one metal.
It’s the pattern across metals:
✅ Gold
✅ Copper
✅ Silver
✅ Palladium
When the same class of institutions is taking everything, that’s not a coincidence. That’s a posture.
3/
Gold was a crowd scene.
You’ve got names like JPM, Standard Chartered, Scotia, BofA, Barclays, RBCinvolved on the STOPPED side.

That’s not “retail FOMO.”
That’s “we’d like our metal… in our name… now.”
Read 15 tweets

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