Honza Černý Profile picture
🍌🦍 Stacking metal. Tracking lies. Tweeting truth. ⚡
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Feb 8 10 tweets 2 min read
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.Image 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.
Feb 7 12 tweets 2 min read
🧵 THREAD:

This Executive Order isn’t about weapons.

It’s about physical scarcity. 🪙Image 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.
Feb 7 12 tweets 1 min read
PHYSICAL SILVER CRISIS — WHAT’S REALLY HAPPENING 🧵Image 1️⃣

Physical silver is breaking away from paper markets.
Since early 2026, demand exploded while supply chains simply can’t keep up.
Feb 6 14 tweets 2 min read
🧵 THREAD: Is this really the bottom in silver? Let’s break it down. 1/
Calls for a “silver bottom” are getting louder.

Leverage washed out. Margins raised. Asia volatile.
On paper, that looks constructive.
But paper ≠ physical.
Feb 5 12 tweets 2 min read
🧵 SILVER REALITY CHECKImage 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.
Feb 4 10 tweets 2 min read
🧵 THREAD: The winners are already decidedImage 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.
Feb 1 12 tweets 3 min read
🧵 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. 👇Image 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.Image
Jan 31 12 tweets 2 min read
🧵 THREAD: The Jieworui Lesson — Why Physical Metal MattersImage
Image
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.
Jan 30 12 tweets 2 min read
🧵 THREAD: Critical Minerals, Fake Dips & Why Stackers Aren’t Impressed 🧵Image 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.”
Jan 30 10 tweets 2 min read
🧵 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.
Jan 30 14 tweets 2 min read
🧵 Paper is panicking. Physical is disappearing. 🧵 Image 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.
Jan 29 8 tweets 2 min read
🧵 THREAD: Silver isn’t rising. The system is thinning.Image 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.
Jan 28 14 tweets 2 min read
🧵 THREAD: China just pulled the emergency brake on silver leverage. Here’s why stackers should smile. 🪙🔥 Image 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.
Jan 27 17 tweets 2 min read
🧵What if the West tried to cap silver while China trades +$20/oz?Image 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. 🧲🥈
Jan 25 12 tweets 2 min read
“Strategic Reserves Sound Great — Until You Ask: Where’s the Silver?” Image 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?
Jan 24 12 tweets 2 min read
🧵 THREAD: Why Silver Is Not “Going Up”… It’s Being FORCED Up 🥈 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.
Jan 19 12 tweets 2 min read
🧵 THREAD: Japan just broke the bond illusion — and Silver knows it Image 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.
Jan 18 12 tweets 2 min read
🧵 THREAD: Silver & the End Game nobody wants to talk about 🧵Image 1️⃣

Trump just announced 10% tariffs on EU & UK starting Feb 1, 2026, rising to 25% by June 1, 2026.

The UK hosts the LBMA.
This is not politics.
This is a physical metals logistics shock.
Jan 18 11 tweets 2 min read
🧵 THREAD: Trump’s Tariff Playbook works for stocks — but breaks on Silver 🥈 1️⃣
The Kobeissi Letter just laid out President Trump’s exact tariff playbook.

They’re right about how markets react.
But they miss what breaks when tariffs become structural.
Stocks trade headlines.

Silver trades reality.
Jan 14 6 tweets 1 min read
🧵 1/5 🚨 LONDON HAS A 62,000 TON SILVER PROBLEM

London isn’t a silver warehouse.
It’s a highly leveraged paper market.

Against ~1,400 tonnes of actually available silver
stand up to 62,000 tonnes of paper claims.

That’s the core of the problem.Image 2/5 ⚠️ The London silver market already broke

On October 10, 2025, London seized up —
not because of price, but because metal wasn’t available.
“Floating supply” turned out to be accounting fiction,
not deliverable silver.
Jan 13 8 tweets 2 min read
1️⃣ Percentage-based margins = an automatic choke point

With CME Group switching margins to a % of notional value:

• Higher price → higher margin
• Higher volatility → higher margin
• No cap, no relief

Futures become capital-inefficient overnight.
Paper markets depend on leverage.
Remove leverage → liquidity dies.

#Silver
#SilverSqueeze
#SilverStackers
#PhysicalSilver
#PreciousMetals 2️⃣ Margin calls force paper liquidation

As margins rise:
• traders must post more cash
• weaker hands can’t
• positions are forced closed

That means:
→ contracts are liquidated
→ open interest drops
→ paper supply collapses

This is not selling physical metal.
It’s unwinding paper promises.