Thread by @honzacern1

🧵 SILVER REALITY CHECK

1️⃣
Paper smackdowns are loud.
Physical demand is quiet.

But guess which one decides the endgame.

February COMEX silver just printed massive early deliveries.

That’s not noise. That’s intent.

2️⃣
As of early February:

➡️ 3,500+ delivery notices
➡️ ~18 million ounces of silver tied to delivery
➡️ Over 550 tonnes moving through the delivery mechanism

February is not a major delivery month.
Yet here we are.

3️⃣
When deliveries surge early in a non-major month, it usually means one thing:

👉 Someone wants metal NOW.
Not March.
Not “rolled paper”.

NOW !

4️⃣
And here’s the part paper traders hate:

Paper price can be smashed.
Algorithms can dump contracts.
Headlines can scream “sell-off”.

But delivery notices don’t lie.
They show real stress where it matters.

5️⃣
This is how repricing starts — not with fireworks, but with logistics.

First:

• rising delivery demand
• tightening availability
• longer lead times
• vanishing dealer inventory

Only later:

• higher prices

6️⃣
Stackers always live in Phase 1.
Paper traders only react in Phase 3.

That’s the edge.

7️⃣
If you’re shaken by a paper smackdown, remember:
Price is what prints.
Availability is what counts.

When metal refuses to sell, paper becomes irrelevant.

8️⃣
This isn’t about calling tops or bottoms.
It’s about understanding the cycle.

Paper can lag reality.
Physical leads.

Always has.

9️⃣
Every smash is just one more chance to exchange paper promises
for something that actually settles.

No counterparty risk.
No margin calls.
No forced liquidation.

Just metal.

🔟
Stay patient.
Stay liquid in ounces.
Ignore the noise.

The silver market doesn’t break all at once.

It tightens…
then snaps.

#SilverStackers #PhysicalSilver #COMEX #SoundMoney

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