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.

🧵 Paper is panicking. Physical is disappearing. 🧵 1/ A lot of old & silver miner stocks just hit limit down. That’s not a signal of weak metal. That’s a signal of forced selling and paper stress.

🧵 THREAD: Silver isn’t rising. The system is thinning. 1️⃣
Silver at $113 and deliveries are still happening.
Not paper rolls.
Not cash settlement.

Physical delivery.
35 contracts issued.
35 contracts stopped.

175,000 oz taken — at triple-digit prices.

That’s not speculation.
That’s need.

🧵 THREAD: China just pulled the emergency brake on silver leverage. Here’s why stackers should smile. 🪙🔥 1/
China just announced a MAJOR margin hike on precious metals futures.

Starting Jan 29, 2026, margin on silver (Ag T+D) jumps from 44% → 60%.

That’s not a tweak.
That’s a warning shot.

🧵What if the West tried to cap silver while China trades +$20/oz? 1/
What happens if the West keeps “spot” suppressed while China trades +$20/oz higher?

That spread isn’t a market condition. It’s a vacuum cleaner. 🧲🥈

“Strategic Reserves Sound Great — Until You Ask: Where’s the Silver?” 1️⃣
The U.S. just proposed a $2.5B strategic reserve for critical minerals.
Sounds strong.
Looks decisive.

But every serious silver stacker should ask one simple question:
👉 Where will the silver come from?

🧵 THREAD: Why Silver Is Not “Going Up”… It’s Being FORCED Up 🥈

https://twitter.com/oriental_ghost/status/2014924346381500546

1/
China’s banks will see ¥37.9 TRILLION in deposits mature in 2026.

That’s dormant capital looking for safety.
If just 5% moves into physical silver → 1,718 TONNES of demand.

Let that sink in.

🧵 THREAD: Japan just broke the bond illusion — and Silver knows it 1/
Japan’s bond market is quietly screaming.

3M → 0.70%
3Y → 1.38%
10Y → 2.27%
20Y → 3.26%
30Y → 3.61%

This is not “normalization.”
This is loss of control.