➡ The Comex, a major commodities exchange, is being used more as a warehouse for physical silver as traditional supply chains fail. Industries like electronics, solar, automotive, and refining, which need silver for manufacturing, are increasingly taking delivery from Comex due to shortages elsewhere. However, Comex wasn’t designed to be a long-term physical supplier, and with the rapid extraction of metal, the system is under stress. If Comex runs out of silver, it could trigger a significant increase in silver prices.

➡ The value of currency is decreasing rapidly, leading people to invest in tangible goods like gold and silver. The global silver market has been in deficit since 2021, with a shortfall of 148.9 million ounces in 2024. This deficit is driven by industrial consumption, not investor demand, and is expected to continue. The increasing demand for silver in industries like solar power, electric vehicles, and AI technology is outpacing the rate at which it can be mined, leading to concerns about future supply shortages.

➡ Silver lease rates have spiked above 5% five times in 2025, indicating a shortage of silver in the market. This is similar to what happened in the late 90s before silver prices surged. It seems that someone or multiple entities are quietly and aggressively stockpiling silver, expecting its value to increase. High lease rates discourage lending silver into the market, further reducing supply. This situation, combined with falling interest rates, is creating a favorable environment for silver prices to rise significantly.

➡ The COMEX, a major marketplace for trading metals, is running out of silver faster than it can restock. This shortage is not a prediction, but a current reality. The main point is not if silver’s value will skyrocket, but if you’ll own any when it does. This information could change your understanding of precious metals, but remember to consult a professional before investing.

But let’s say you’re in industry and you can’t get it anywhere else. Well, there it is. Stand for delivery. So that implies, but doesn’t guarantee that the supply chain, I wouldn’t say is breaking down, but more than the usual amount is coming off the comex, which implies, again, I can’t put it into a proof formula that we’re looking at more silver taken off because it really is a place to go to to get it, especially in a timely manner. You’re watching Silver News daily. Subscribe for more. Silver is vanishing not over years, not over months, but now, right this second, hundreds of thousands of ounces are being pulled out of COMEX vaults as the registered supply hits critical lows and delivery requests go vertical.

This isn’t some minor blip or seasonal uptick. This is a full scale industrial panic. Behind the scenes, manufacturers, refiners and massive institutions are in a desperate scramble to source physical silver. And comex, with once just a trading arena, is now their last hope. The kind of quiet that used to surround these vaults has turned into a stampede. And here’s the part no one’s ready. If this pressure keeps building, the entire system will crack, vaults will be emptied, contracts will default. And when that happens, we’re not looking at a mild price rally. We’re staring down the barrel of a five hundred plus dollar price explosion that could tear through the silver market like wildfire.

The mainstream won’t talk about it, but the footprints are already there. Physical silver is being hunted. Supplies are drying up. And if you think this ends quietly, think again. Yeah. Thank you, Elijah. Well, I did it on my weekly perspective for those that don’t know. I do a lot of, you know, information or education for free. I do what’s called a weekly perspective at the end of every week. And I touch on different things, but almost always I touch on the metals. Sometimes I touch on, oh, geopolitics or what have you. But last week I talked about the ebbs and flows in the silver market.

So going back to the big, big picture, in the futures markets, if you look at the softs like cocoa and cotton, or you look at the ags like wheat and soybean oil, or you look at the metals, any of those sectors, usually you only get about 1% of the total that actually gets a delivery against the contract. So 99% of the time you’re just pushing paper back and forth. And that’s what the futures market is, it’s a derivatives market where settlement is almost always in cash. There are exceptions There are deliveries of cotton and cocoa and silver.

So on silver specifically, we have seen a big change over the last year or so. And this was primarily, and there’s arguments about why the silver moved from London into the comex, but it’s primarily an arbitrage opportunity. And the big players that own the silver physically are able to take these boatloads of silver and move it from a location to another location and still make a spread on it. So that’s what happened. And the inflows and outflows have just been above normal. I mean, anyone that’s objective and could count knows that that’s a fact. In fact, in the weekly perspective, I believe last week I went through the numbers.

I don’t have them memorized, but we’ve had a significant more activity in and out of the COMEX over the last, like I said, year or so. And I did note that, you know, I watched the flows rather carefully, not as avidly as I used to, but I still pay attention to it. And whenever we got to the registered category, the numbers don’t lie. Comex is bleeding silver at a historic pace, and it’s not slowing down. From December 2024 to March 2025 alone, the exchange saw a staggering 32,473 contracts delivered. That’s 162.4 million ounces of silver, more than double the deliveries of the entire year prior.

To put it bluntly, COMEX has never seen pressure like this. In 2023, total deliveries reached just 23,414 contracts. Now we’re witnessing a 139% explosion in demand for physical metal through futures delivery. This isn’t speculative positioning, this is industrial panic. And it’s rewriting the rules of the market. And while analysts and commentators scramble to explain what’s happening, the reason is becoming painfully clear. Traditional supply chains are broken. Mines, refiners and wholesalers are unable to meet demand. So the industry is skipping the queue and going straight to comex. Once a price setting mechanism, now the emergency stockpile of last resort.

Deliveries this aggressive don’t happen in stable markets. They happen in collapses. But here’s where it gets even more telling. Unlike in previous spikes, the current wave isn’t just retail investors piling in its institutions, manufacturers and industrial buyers locking in contracts and demanding immediate delivery. They’re not betting on silver, they’re trying to get it. Because if comex can’t deliver next time, the entire futures structure unravels. And the silver price, it doesn’t just rise, it detonates. Which is the amount of chips that the registered category being the dealers have available. When that gets thin, it’s like playing poker and you have a big stack of poker and you’re losing the game.

And also when your stack goes way down and that indicates that they don’t have much physical silver to deliver into someone standing for delivery. And it got down to like the lowest level I’d seen a very long time and it stayed there longer than I’d ever seen before. And I made note of that to my subscribers and probably publicly, I don’t remember. And pretty much after the words are out of my mouth, we start to get this huge build in the overall categories, primarily in the registered category and primarily from the lbma. So those are facts, but the one I want to stress is after Warren Buffett bought 129.7, rounded up to 130 million ounces off the COMEX, actually only delivered 90 million instantly.

And he took, you know, the offer, I guess, to get the rest the other 40 million over time. And if I remember correctly, someone can check me, but I think it was after that a pretty certain was after that there was a limit on 7,500 contracts that you could take off the exchange. Now I think that’s gone away because we haven’t seen that in quite some time. But the exchange is kind of protecting themselves because they wanted to prevent someone coming in and buying up the whole silver supply and said, all right, we’re standing for delivery.

So what the weather that holds now or not, I just want to bring that to everybody’s attention. So the bottom line is this. It is a fact that the ebbs and flows in silver gold as well through the comex, has been greater these last years or two than it has been previously. That’s just a fact. Whether someone says it’s normal, I’d say it’s quote unquote normal. Normal air quotes. As long as everybody that stands for delivery gets their silver or gold in a timely manner, then yeah, of course it’s normal. Because it’s supposed to be as stated, available to anyone who stands for delivery to get the product, whether it’s cocoa or cotton, soybean oil or silver.

As delivery requests hit all time highs, the available supply of silver for immediate delivery, what the COMEX labels as registered inventory, is plunging into dangerously low territory. As of February 2025, just 87.5 million ounces remain in the registered category. That’s it. That’s all that’s readily available to meet the tsunami of delivery demands. Crashing into the exchange. And when you compare that to the 162 million ounces already delivered in just four months, the math becomes terrifying. This isn’t a healthy system operating within normal boundaries. This is a vault being drained in real time. Now sure, total Comex warehouse inventories still sit around 359 million ounces, but that’s misleading.

The bulk of that metal is in the eligible category, meaning it belongs to private holders and can’t be touched without their say so. Only the registered supply is up for grabs and that number is dropping with every contract fulfilled. This is why analysts are ringing the alarm bells. We’re watching the silver floorboards being ripped up from beneath the market. And yet even in the face of this depletion, March brought a strange Twist. In just 14 business days, COMEX received 48.8 million ounces into its vaults, but only 6.6 million were withdrawn. That’s a net inflow of over 42 million ounces.

Sounds reassuring, right? But here’s the that metal didn’t come from new mine supply, it came from elsewhere. Reallocated, redirected, possibly repatriated. It suggests something darker, that industrial users are scrambling to secure their silver through any means necessary, Bypassing wholesalers and locking up whatever metal Comex can still offer. The game has changed and what we’re seeing is the front edge of an industrial silver lockdown. Yeah, I’m glad you brought that up because in most cases you got these, we’ll call them large pallets of silver, thousand ounce bars. And on that whole pallet of however many bars there are, I never counted them, there’s a tag that says hsbc.

And then someone stands for delivery and they take off the HSBC and they put on J.P. morgan on it. And the silver never moved, but ownership did. But it never left the warehouse. The only way to track that is to see how many semi truck trailers come in there and actually take it outside of a COMEX warehouse. And that part of the activity has changed as well, more than before. I mean just on the input, you know, when you’re sitting there and all these, you know, semis pull up to Comex warehouses and there’s more than one of them and delivers thousand ounce bars.

And someone’s got to, you know, take a forklift and move them in and put them on the, in the pallet or on a shelf. That is a physical movement that increases the silver supply and that’s what took place. So someone say that it’s all a paper change is incorrect in this instance. Just before we get going, we just launched the official Silver News Daily Telegram. To kick things off, we’re running a 10 ounce silver giveaway. Yes, real physical silver. Not a voucher, not digital credits, actual bullion. This telegram will be our new home for real time silver discussions, market insights, collection picks and everything.

Precious metals. It’s where the community truly comes alive. Here’s how to enter the 10 ounce silver giveaway. Be subscribed to Silver News Daily on YouTube, turn on the notification bell, comment 10 ounce giveaway on three separate videos, be an active member of the telegram group and say hi. Once we hit 500 active telegram members, we’ll pick one. One lucky winner to receive 10 ounces of silver shipped directly to you. So get in early, stay active. This is where David Morgan’s place of last resort theory shifts from speculation to hard reality. For years, analysts warned that if the industrial sector ever ran into serious supply trouble, it would be forced to turn to comex.

Not for hedging, but for survival. That moment is no longer theoretical. It’s here. Comex is now functioning less like a futures exchange and more like a warehouse of last hope, where desperate buyers come not to speculate, but to take delivery of physical silver they can’t find anywhere else. The pattern couldn’t be clearer. Since late 2024, delivery intensity hasn’t just increased, it’s become relentless. Institutions that once rolled contracts are now standing for delivery month after month at volumes never seen before. These aren’t traders playing with leverage. These are corporations that need metal. Think electronics, solar, automotive and refining sectors, all of which are tied directly to real world manufacturing timelines.

They don’t care about paper profits. They need ounces and they need them now. And here’s the chilling this scramble is not a reaction to future disruptions. It’s already happening because the traditional supply lines are failing. Refiners can’t secure feedstock. Miners are operating at maximum capacity, yet still falling short. Wholesalers have empty shelves or months long backlogs. So industrial buyers are going straight to the one place left with inventory. Comex. But there’s a problem. Comex wasn’t built to function as a long term physical supplier. Its reserves are limited. Its role was always to settle trades, not bail out collapsing supply chains.

And now, with institutional buyers extracting metal at breakneck speed, the system is being stress tested in a way it was never designed to handle. When the last ounces are gone, it won’t just be a technical failure. It will be the ignition point for one of the most explosive price moves. Silver has ever seen. Yeah, well, this is where you got to put on a tinfoil hat. I guess it’ll put a black one on here and make the statement. So what it indicates to me is that I looked at the comex once I understood how it really worked with 99% just being a paper push, that anything that came off had some substance to it.

Because I look at it as, and you don’t have to agree, it’s kind of the. The place of last resort, the last place you’re going to take the silver. And not necessarily, but it’s certainly not the first place. I mean, anyone that’s in the industry, be it a fabricator for silver shot or screen or wire or all the different fabricated things that silver goes into, which is vast, they get it usually direct from a refiner smelter. And they be what they do. They don’t ever take it off the comax. And so who takes it off the comex, first of all? Very few.

But those that do usually are for investment purposes, but not always. But let’s say you’re an industry and you can’t get it anywhere else. Well, there it is. Stand for delivery. So that implies, but doesn’t guarantee that the supply chain, I wouldn’t say is breaking down, but more than the usual amount is coming off the comex, which implies, again, I can’t put it into a proof formula that we’re looking at more silver taken off because it really is a place to go to to get it, especially in a timely manner. Maybe you called up a refiner and said, hey, we’re, you know, we’re at this level and it’s going to take, you know, four weeks, really.

Okay, well, I could get delivery next week if I just stand for delivery or whatever. So again, I’ll make it an implication. I’m wearing a hat. You could take it for what you want, but that’s what it shows me. And this has happened in others. I mean, there’s others. The. It’s called rape seed oil. It’s really canola oil. And there was a shortage a long time ago and that market went just absolutely ballistic like palladium did at one time. But it was a, what I call popcorn rally. It went from here to almost straight up. The deliveries were made and it came right back down.

But it does happen and it is happening. And I’m just take off my hat and we’ve seen this movie before and the last time it played out, Warren Buffett was the lead actor back in 1997. And 1998, Berkshire Hathaway quietly acquired 129.7 million ounces of silver, stunning the market. COMEX wasn’t ready. Nearly 90 million ounces had to be delivered immediately, while the remaining 42 million trickled in over several months. The aftermath. Comics scrambled to impose a 7,500 contract position limit to prevent any single player from ever draining the system like that again. But here’s the Today’s delivery volumes are far beyond what Buffett pulled off, and no such limits appear to be in place.

What does that tell us? Either the rules have been quietly discarded, or the system is so stressed that enforcement has broken down. In both cases, it means the guardrails are off. In 2025 alone, COMEX deliveries have already surpassed 32,000 contracts, representing over 160 million ounces. And we’re only a few months into the year. That’s more than Buffett acquired in total. But this time, it’s not just one buyer, it’s many, possibly even institutions operating in stealth, repeating Buffett’s strategy, but with the COVID of obscurity. Even more alarming are the silver lease rates. In 2025, they’ve spiked above 5% on five separate occasions, a 500% increase from historical norms.

Back in Buffett’s time, lease rates hit 17% as available silver disappeared. We’re not far off. When lease rates climb like this, it’s a signal that supply is drying up and borrowers are scrambling to secure metal at any cost. The parallels are too close to ignore. So ask yourself, if the Buffett move nearly broke the market in the 90s and today’s buyers are extracting even more silver without triggering safeguards, what does that say about the state of the Comex now? It says the system is already being overwhelmed, the warning signs are flashing red. And yet, the most dangerous part might be what we don’t see.

Because if these institutional buyers are staying quiet for now, what happens when they go public? What happens when the world realizes Comex can no longer deliver on its promises? Thank you for that. Yeah, I’ll just read the first paragraph, because I did my best to articulate how they tie together. So there’s an old truth at our peril. When money loses its integrity, freedom soon follows. Throughout history, the erosion of honest currency has marched in lockstep with the erosion of civil liberties. A connection is not coincidental. It’s casual. Because money is not just a medium exchange. It’s a lifeblood of voluntary action.

When it’s corrupted, everything downstream begins to decay. Professional, agency, self Reliance and ultimately freedom itself. A truly free society. Individuals make decisions based on trust. They trust that the fruits of their labor, measured in quote, unquote, currency, will retain value over time. They trust their savings will serve as a source of wealth, not a melting ice cube. They trust investments will respond to real world fundamentals, not the whims of unelected technocrats operating behind closed doors. So it’s a rigged system. I go into what you just alluded to with Venezuela, the Weimar Republic and you lose basically your freedom and you get a tyrannical government and civil unrest, and that’s the direction we’re going toward.

And to back up, you know, Katherine Austin Fitz, it talks about, you know, all the people that talk about the dollar is collapsing or failing. It is failing. I think I push back on that word and I’m not sure if she even uses that word. I mean, it’s worth about one and a half cents of what it was in 1913, so certainly holding its value, which is one of the mandates of the Federal Reserve. It’s, it’s done a miserable job. Whether it’ll fail completely, I highly, highly doubt that. I do believe that we will transition into a new system before we get a complete failure, but that doesn’t mean that the market won’t react as if it’s going to fail completely.

And that’s where you get into what Von Reese’s calls the crack up boom. Where I rather buy, you know, five jars of peanut butter and some tuna fish rather than keep the currency because I know that or believe that that currency is losing value so rapidly, I’d rather have something of value rather than hold the currency itself. Will we get to that point or not? I don’t think we will get to that point on a mass psychology basis, but I think we’re already seeing it as you alluded to from the bigger players, the smart money. Like what happened with gold when they said the world, the run to gold has already begun, which I was correct.

And we saw the major central banks buy gold at a substantial rate above and beyond what they’ve done in the past over the last year and a half or two. And now we’re starting to see it in silver market. The deeper you dig into silver’s supply side, the more unsettling the picture becomes. Since 2021, the global silver market has run at a deficit every single year, culminating in a 148.9 million ounce shortfall in 2024. That’s not just a temporary imbalance, it’s a structural failure over four years. The total cumulative deficit now stands at 678 million ounces.

That’s the equivalent of 10 months of global mine production gone. And we’re not talking about deficits that correct themselves. These are deficits compounding year after year with no solution in sight. Now here’s where it gets even more dangerous. Even with a slight uptick in projected mine supply for 2025, the Silver Institute still expects another 117.6 million ounce shortfall. That would mark the fifth consecutive year of market deficit. And at this point, we’re not talking about investor demand causing the squeeze. It’s pour simage, pure industrial consumption that’s driving this deficit superstorm. Think about what that means for the comex.

If the physical market is burning through hundreds of millions of ounces more than it can replace, and COMEX is now the emergency stockpile feeding that demand, then the vaults are on a fast track to depletion. The exchange has become the pressure valve, relieving stress in the short term. But that comes at a cost. Every ounce delivered today is one that won’t be available tomorrow. This is how supply collapses happen. Not all at once, but step by step, quietly and invisibly, until the breaking point arrives. The market gets used to deficits. It adjusts, it copes, until it can’t.

Until one month the delivery requests come in and the metal isn’t there. At that moment, paper contracts become worthless and physical silver takes control. Prices won’t just move, they’ll explode. Because once confidence and supply evaporates, no one wants contracts. They want ounces. And the COMEX is running out of time to deliver them that light. The defense of sound money is a huge financial concern for everybody. Everybody’s worried about their money, whether it’s yen or euros or dollars. And it becomes a moral imperative. That currency holds its value. It empowers people to live independently, to think long term, and to res.

Just coercion. It protects sovereignty, both national and individually. Remember, sovereignty simply implies the capacity for self determination. In other words, you’re not ruled by an authority that commands what you can eat, where you can go, what you can say and what you can do. And gold and silver have served that role for thousands of years. Not because they’re shiny, because they’re scarce, verifiable and resistant to centralized control. When we have the ownership of money, then we have control. When they own the money and dole it out, they have control. So the digital currency offers new tools to the control mechanism under the the guise of convenience and the battle over money is reaching an inflection point.

Who controls it? Well, the banks do. And as they control it, it worsens our ability to make our own free will decisions. And that’s just the way it is. So I end that with we will continue down this path of dependence and dilution. Or will we reclaim the principles of honest money and with them, the promise of a truly free society? The answer is determine far more than a piece of gold or return to your portfolio will determine whether future generations are a free people or managed subjects of a technocratic financial system designed to control, not liberate.

The industrial silver story is no longer just impressive, it’s alarming. Demand isn’t rising, it’s erupting. In 2024, industrial silver consumption hit an all time record of 680.5 million ounces. That’s not a one off spike. It’s the fourth straight year of breaking records. And now projections for 2025 show that figure crossing and 700 million ounces. For the first time in history, the industrial world is eating through silver faster than it can be mined. And the implications are seismic. Let’s break it down. Solar photovoltaic applications alone consumed 232 million ounces in 2024, accounting for 19% of total demand.

That’s a 96% increase since 2022. Governments around the world are dumping billions into solar infrastructure. And silver is the irreplaceable ingredient. There’s no alternative. You can’t build high efficiency panels without it. And then there’s the electric vehicle explosion. Global EV sales are set to surpass 17 million units this year, with each car requiring up to 50 grams of silver. Multiply that by production growth, and you start to see why the silver cupboards are running dry. And here’s the wildcard. AI and smart technology. Every chip, every sensor, every high frequency circuit used in AI applications relies on silver’s conductivity and thermal stability.

As AI becomes more embedded into consumer and industrial systems, the metal’s usage is surging in ways the market never planned for. Silver isn’t just a monetary asset anymore. It’s an energy metal, a tech metal, and a survival metal for future manufacturing. This is no longer about investors bidding up a commodity. It’s about a structural shift in the economy. One where physical silver is consumed, not stored. Where ounces disappear into solar panels, cars, data centers and robotics systems and never come back. The silver that powered your EV or lit up your rooftop solar array isn’t returning to the market.

It’s gone. Permanently. And with this kind of demand growth showing no signs of slowing. The pressure on the supply side is turning into a ticking time bomb. Sure, yeah, we wrote about in the Morgan Report. In fact, my daughter writes that part of the report. It’s. We call it the blockchain brief. We’ve done it for years. And some of my people were a little perturbed that we took the space in the report to talk about, you know, blockchain so much. But I saw early on that was the new system they were going to push on us.

And so we cover it and you know, most of our readers are happy to have that information. So. No, I absolutely agree with Greg. I mean, it was the sleight of hand, you know, look over here, look over here. No cbdc. No cbdc. But they put it in over here under a different guys called the Genius act and let JP Morgan issued it or Amazon or to both of them. So they’re going to get to it in the public private partnership rather than central bank. So what? It’s still the same control mechanism, no matter who labels it or who issues it.

If you’re forced to take it like you are now with the legal tender laws and you can only make payment in their script and they do it by force, you don’t have a choice then of course they have the control. Now on that point, you know, being a member of the sound money movement and being on their board, their advisory board, there has been pushback by the states. I think there’s something like 16 states now that have some level of honest money in the system and in some cases you can actually pay taxes with gold or silver.

I think there’s only a couple states that allow that. But this is a pushback mechanism that we are putting in what I said in an essay, that if you have the ability to determine your own financial future based on a choice of which quote, unquote money you use, now we’re getting power back into the people. At least they have the opportunity to determine for themselves how they want to transact in the monetary realm. So it’s not over till it’s over. And we do have the ability. There’s many people out there, I mean, if you talk to someone that’s never watched liberty and finance and they really don’t understand how the monetary system works and how much control it has over people, probably wouldn’t give it a second thought.

You know, the credit card works. I get my Starbucks every morning and I’m happy. Why should I even worry about it? Because they don’t understand history and haven’t had the time or inclination. There’s one signal flashing louder than all the rest, and it’s hiding in plain sight. Silver lease rates. In a healthy market, these rates hover near zero. But in 2025, they’ve erupted, spiking above 5% not once, not twice, but five times already. That’s a 500% increase from historical norms. It’s a quiet scream from the market saying there’s no silver available. And the last time we saw anything like this, it was during Warren Buffett’s silver grab in the late 90s, right before prices started to surge and Comex was forced to rewrite the rulebook.

But this time, it’s not a single billionaire making waves. What we’re witnessing is likely a coordinated concealed accumulation. Behind these surging lease rates is a mystery and possibly a revelation. The metal is being borrowed at exorbitant costs, suggesting someone, maybe multiple players, is going long on silver the old fashioned way, by draining the physical pool quietly, aggressively, and without drawing attention. These aren’t traders looking to make a quick buck. These are entities playing the long game, stockpiling silver because they know what’s coming. And here’s where it gets strategic. High lease rates create a disincentive to lend silver into the market.

Why risk losing metal you might never get back? When the cost of borrowing is sky high, that chokes supply even further. Suddenly, even holders who might have leased silver into the system decide to hoard instead. That turns a tight market into a noose around the comex. This silent accumulation is happening right now. It’s not showing up on cnbc, it’s not making headlines, but it’s written all over the lease rate charts. Someone with serious capital is removing silver from circulation, betting that the coming breakout will be unlike anything we’ve seen before. And if they’re right, and if lease rates keep climbing, it means the physical market is already cornered.

The short squeeze isn’t coming. It’s already started. Yeah, it always starts with education, starts with being objectively truthful and to continue to write about it, talk about it. And of course I’ve done this documentary, which is almost finished, and you pushed a bit of a nerve because early in the documentary, Foster Gamble, who did the Thrive one and Thrive two movies, and we’re pretty good friends, talks exactly on this subject, and he talks about how it’s convenient and all these things that we’re told about a digital currency. And it’s easier, it’s faster, it’s more convenient, it’s and all these things.

But then it goes on to explain that those points are valid. However, it’s more of a control mechanism and excuse me, we really don’t want it. If you are a volunteerist and you want to have freedom, you don’t want to have this kind of control over your monetary affairs. So you really hit the nail on the head, Elijah. And that film should be out here fairly soon. I’m going to release it to my, to my members first and let them have a look maybe. And I’m thinking about doing some follow up on it. I was asked to maybe make like a PDF file and maybe water it down somewhat into the bare essentials for like a home study PDF for, you know, how money really works in the system or maybe homeschoolers or something like that.

So got enough to do. But I could probably take that on because it resonates with me. Again, it has to be the truth and it has to be presented however we can for people to reach their own conclusions. But many people, as in the Matrix movie, you know that I did that little takeoff on, you know, Neo comes the Morpheus and he says, there’s something wrong with the world. You felt it your entire life. You don’t know what it is, but you feel it. And I think there’s a lot of people in that realm that they know something is wrong, but they don’t know what it is, but they feel it.

And that I think is the opening that we have to ask the right questions. Well, what do you feel about, you know, your savings? You feel they’re worth as much as they were five years ago or however you open the door. While the physical silver crisis accelerates beneath the surface, monetary policy is quietly pouring fuel on the fire. Since September 2024, the Federal Reserve has slashed interest rates by 75 basis points, bringing the fed funds rate down to a range of 4.50% to 4.75%. Markets are now pricing in a 100% probability of another 25 point cut by year end.

The message is the era of cheap money is back. And that’s exactly the kind of environment where silver doesn’t just rise, it erupts. Why? Because falling interest rates destroy the incentive to hold cash and bonds. When yields vanish, investors flee to real assets. Historically, that’s gold. But now, with silver still trading at a fraction of its inflation adjusted high, the opportunity is even greater. In 2025 alone, silver has surged nearly 30% year to date, hitting $42.20 an ounce in September. And that’s not even the top of analysts projections. Some are calling for $50. Others like Saxo bank are whispering about numbers far beyond that.

But here’s the real futures premiums. Silver futures are now trading above spot prices, a classic signal that demand for physical delivery is overwhelming near term supply. This backwardation effect typically means that buyers are unwilling to wait. They want the metal now, even if it means paying more. That’s not just bullish, that’s a warning. And remember, Comex is already seeing record high deliveries as monetary easing continues. It encourages even more long positions, even more physical demand, and even more pressure on vaults that are already being drained at historic levels. The Fed isn’t just stimulating the economy, it’s quietly igniting a powder keg in the silver market.

This is how the setup for a breakout is falling rates, tight supply, soaring industrial demand, and a delivery system stretched to its limits. All it takes now is a spark. And when that hits, silver won’t rise gently. It will rip through resistance like a dam breaking loose quite a bit. I mean, as you outline, I think that the administration may know that they’re breaking the boundaries and they’re doing it deliberately, maybe with thought. Some people don’t agree with me asking my opinion. This is opinion, people. And I think he’s doing a lot of executive orders, a lot of things that are pushing the boundaries of what his true powers are.

Not his trumps, but the executive branch of government. And it’s testing the whole system. It looks to me my opinion that he. The boundaries between the legislation, the judicial and the executive are being tested left, right and center. And we’re seeing what the judiciary has done with a lot of these charges against Trump and you know, being dropped or dismissed or held or whatever, fines and then fines dropped. I mean, the whole thing is being put in the question right before our eyes. It’s not like a philosophy class about US Government. We’re watching it. I mean, to tell this lady she’s fired because she used her primary residence twice, which isn’t right.

And the law is supposed to be equal. I mean, the whole thing about the Constitution is it’s supposed to be we’re all equal. It doesn’t mean equal in physical ability or intelligence or skill sets. It means equal under the law. So it doesn’t matter if you’re the president or a janitor or a ditch digger or a farmer or a miner or whatever you are, we are treated the same equally under the law. So if someone used a primary residence twice, two different residences, a call to both primary you can only have one. They did something. Now, whether that gives Trump the ability to fire or not, I would question that highly.

But he did it anyway. So I’m going on and on, but I think the whole system is being tested not only on the monetary level, through the three branches of government. And we’re getting to a tipping point, as far as I can tell, where all great empires get. And that’s where they start to fail. And people themselves start to look to the powers that be and say, what’s going on here? This isn’t right, this isn’t correct. We never had this before. What’s happening? And. And then we get a new regime. And in the past, the new regime has been more authoritarian.

And that, of course, is not what I’m shooting for. I’m shooting for more freedom. Everything is converging. The delivery spikes, the collapsing registered inventory, the five year structural deficit, the industrial demand tsunami, the quiet accumulation, the exploding lease rates, and now a monetary environment tailor made to ignite it all. The writing isn’t just on the wall. It’s carved into the vault doors of the comex. Silver isn’t trading like a commodity anymore. It’s being hunted like a vanishing resource. And when the last ounce is spoken for, when the final delivery fails, when the illusion of infinite supply shatters, 500 silver won’t be a fantasy.

It’ll be the inevitable result of years of suppression, neglect, and denial. This isn’t about hype. It’s about math, mechanics, and momentum. The COMEX is being drained faster than it can refill. And with every contract fulfilled, the fuse shortens. Whether it’s one last industrial order, one institutional revelation, or one final interest rate cut that triggers the squeeze, it doesn’t matter. The pressure is already baked into the system. The silver shortage is no longer a theory. It’s happening right now. So the real question isn’t if silver will explode, it’s whether you’ll be holding it when it does. If you found this discussion eye opening, make sure you subscribe to stay ahead of the curve.

Because what’s coming next could reshape everything you thought you knew about precious metals. This is not financial advice. Speak to a licensed professional before making any investment decisions. SA.
[tr:tra].

See more of Silver News Daily on their Public Channel and the MPN Silver News Daily channel.