1/

FED:
“Inflation expectations are not affected.” 😌

Markets:

👉 99.5% NO CHANGE
👉 Cuts? Not really
👉 Hikes? Almost zero

Yeah… totally “under control.” 👍 2/

Oil rising
Geopolitics heating up
Supply chains under pressure

FED:
“Nothing to see here.” 👀

1/
COMEX silver in one snapshot:
Registered: 79.2M oz

March deliveries MTD: 44.17M oz
May open interest: 369.99M oz

And we are still supposed to pretend this is a relaxed physical market? 2/
Let that sink in.
March month-to-date deliveries already equal 55.8% of today’s registered silver stock.

One active delivery month has already chewed through more than half of what is currently sitting in registered.

Silver Market Snapshot Report

Date: March 18, 2026
Focus: COMEX silver vaults, delivery activity, and what it means for physical stackers

Silver was hit hard on screen, with price falling to around $70.56, down roughly 6.37% intraday on the chart shown. But underneath that paper weakness, the physical side tells a more important story:

COMEX registered silver was unchanged

Eligible silver fell by 2,817,057.88 oz

Total COMEX silver stocks fell by 2,817,057.88 oz

The biggest visible drawdowns came from JP Morgan and StoneX

March silver deliveries remain substantial relative to current registered stocks

Bottom line:

This does not look like abundance.
It looks like paper pressure on price while physical metal continues leaving the system. 1) COMEX silver vault data
Daily vault change

From the CME metal depository statistics shown:

Total Registered: 78,903,367.869 oz

Total Eligible: 256,172,267.235 oz

Combined Total: 335,075,635.104 oz

Daily change:

Registered: no change

Eligible: -2,817,057.88 oz

Combined total: -2,817,057.88 oz

That is the key signal of the day.

Why that matters

Registered metal is the category most directly associated with metal available to meet futures delivery obligations. Eligible metal is still in the system, but it is not automatically for sale or deliverable unless its owner chooses to convert it.

So when:

registered stays flat

while eligible keeps leaving

…it suggests that silver is not rushing into the “ready-to-deliver” pool. In other words, the exchange is not becoming more comfortable from a physical standpoint.

🚨 BREAKING:
Iran is reportedly considering reopening the Strait of Hormuz — but with one condition.

Oil must be traded in Chinese yuan.
Not dollars.
Not euros.

Yuan.
If true, this is not just about war.
This is about the petrodollar system.
#Oil #Iran #Macro 1.

The Strait of Hormuz carries roughly 20% of global oil supply.

For 50+ years, global oil trade has been priced in US dollars.

That system — the petrodollar — forces countries to hold USD reserves to buy energy.

It is one of the pillars of American financial power.

1/
QatarEnergy declaring force majeure is not just an LNG story.

Qatar supplies ~20% of global LNG.

If shipments stop, this becomes a global industrial shock, not just an Asian energy problem. 2/
Asia will scramble for replacement gas.
That means bidding against Europe and other LNG buyers.

Result:

➡️ LNG prices spike
➡️ gas flows reshuffle globally
➡️ Europe could get squeezed again.

🚨 BREAKING: INDIA STEPS AWAY FROM LBMA PRICING

India will no longer use the London LBMA benchmark to value gold & silver in mutual funds and ETFs.

Instead, pricing will be based on domestic spot exchanges.

This is bigger than it looks. 🧵👇

#Silver #Gold #LBMA #India 1/

For decades, LBMA (London) has been a global reference point for precious metals pricing.

When a major economy like India says:
“We’ll use our own domestic pricing”
That’s not noise. That’s a signal.

#PreciousMetals #MarketStructure

1/

SHFE just suspended more trading groups for breaching Article 16.

February total so far: 25 groups suspended.

Let that sink in.

This isn’t “normal market behavior.” 👀

#Silver #SHFE

https://twitter.com/DarioCpx/status/2026616725060596107

2/

Official reason:

Accounts exceeded daily opening limits and violated exchange trading rules (Article 16).

Translation?

Someone was pushing size aggressively.
And the exchange stepped in.

When Silver Pricing Becomes Administrative, Not Market-Driven 1/

A major silver controversy just erupted in China.
A fund linked to UBS changed its valuation methodology after market close — and retail investors paid the price.

This isn’t just about losses.

It’s about transparency.

Thread 🧵: Global Asset Registry — And Why Physical Silver Matters 1/
At the IMF & World Bank Annual Meeting (Oct 2025), Erica Payne, president of Patriotic Millionaires, proposed a Global Asset Registry.
The goal?
Track who owns what. Everywhere. 🌍

Let’s unpack this.

COMEX Is Bleeding Silver.

🧵 1/

While everyone watches the price…
COMEX silver is quietly bleeding.

And almost nobody is talking about it. 🩸🥈

Let’s look at what just happened. 2/

📉 TOTAL REGISTERED SILVER:

Was: 101,394,888 oz
Now: 98,138,005 oz

💥 −3,256,882 oz
In. One. Day.
Registered = metal ready for delivery.

That’s the ammo pile shrinking.

CHINA CURBS U.S. TREASURIES — AND THE SILVER SIGNAL NOBODY WANTS TO SEE 🧵 1/
China is quietly telling its banks to limit exposure to U.S. Treasuries.

Official reason? “Concentration risk & volatility.”
Real reason? They don’t trust the exit.

1/9

🚨 STACKERS, WAKE UP.

This is the moment we’ve been watching for years.
The silver paper house of cards is starting to crack.
February 2026 set the stage — March could be HISTORIC. 2/9

📦 February 2026 deliveries: INSANE.
In just the first few days:

➡️ ~19 MILLION ounces taken physically.

That’s nearly ALL of last February’s deliveries — in under a week.

Even more telling: ~98% of open interest stood for delivery.

Buyers don’t want paper. They want REAL METAL.

🧵 THREAD:

This Executive Order isn’t about weapons.

It’s about physical scarcity. 🪙 1/

The America First Arms Transfer Strategy isn’t a foreign-policy memo.

It’s an industrial command.

The key phrase isn’t “arms.”
It’s production capacity.

And capacity runs on physical inputs, not paper.

PHYSICAL SILVER CRISIS — WHAT’S REALLY HAPPENING 🧵 1️⃣

Physical silver is breaking away from paper markets.
Since early 2026, demand exploded while supply chains simply can’t keep up.

🧵 THREAD: Is this really the bottom in silver? Let’s break it down.

https://x.com/honzacern1/status/2019835553756127515

1/
Calls for a “silver bottom” are getting louder.

Leverage washed out. Margins raised. Asia volatile.
On paper, that looks constructive.
But paper ≠ physical.

🧵 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.

🧵 THREAD: The winners are already decided 1/
The U.S. is hosting 50+ countries to talk about loosening China’s grip on critical minerals.

Translation:
👉 the system already lost control.
When governments meet about supply chains, the shortage is real.

🧵 THREAD: This drop was not “price discovery.”
It was a test of your resolve and intellect.

What we just witnessed in silver was not a market accident.

It was a message.
And it was meant for March delivery holders. 👇 1⃣

📉 They smashed the paper price. Hard.
Right before delivery pressure builds.

Classic move.

The goal was simple:

👉 scare longs
👉 force rollovers
👉 delay physical stress

Not to “find a fair price.”
To buy time.

🧵 THREAD: The Jieworui Lesson — Why Physical Metal Matters
1/
China just gave the world a masterclass in what paper gold really means.

The collapse of Jieworui wasn’t a “scam gone wrong”.
It was a structure failing under stress.

And that matters.

🧵 THREAD: Critical Minerals, Fake Dips & Why Stackers Aren’t Impressed 🧵 1/
Czech FM Petr Macinka is heading to Washington for a Critical Minerals Ministerial on Feb 4.

Supply chains. Security. Strategic metals.

Translation: “We have a problem getting real stuff.”

🧵 SILVER REALITY CHECK FOR STACKERS 🥈

finance.yahoo.com/news/silver-sh… 1/
Silver futures > $117 (yesterday)
+275% YoY.

But price isn’t the story.
Coverage is.

COMEX registered inventory covers just ~14% of outstanding futures.

That’s not a market.
That’s leverage with a thin physical floor.