/biz/ - Business & Finance

>>54736540
Here's what going on : 3 days before delivery notice for the month, and so far still 6x what's left in registered worth of SLV contracts open.
Potentially, current contract holders for the month could ask for 180Moz worth of silver to be delivered, when there is only 30Moz left in registered vaults to back it up.
Ofc usually traders prefer to stay on a paper loop, so as always 90% of this amount with be issued (sold) for cash equivalent or rolled over.

But it shows how incredibly thin the ice is. There is pretty much nothing left to back up the paper claims, and it makes JPM extremely uneasy. Those levels of overleveraging are unheard of, even for silver, which already was the most leveraged commodity on earth.
Banksters are supra naked shorts rn, and they NEED silver to stay low. Look at the weekly chart, it's blatant : you see 5 clearly defined points at which shorters tried to tamp down silver spot, and each time it rebounded within hours.

I can't believe no foreign entity didn't try to weaponize it yet.
>buy 6,000 SLV contract
>ask for delivery
>oops comex is now empty
That's all you need. Wouldn't even cost you a billion USD to nuke the comex, which is literally nothing. Hell even single individuals can offer to do it for the lulz.