SILVER (Commodity) (SILVER)

Last Friday silver experienced the largest 1-day collapse in modern market history, sending shockwaves across the metals space. But was it just leverage unwinding… or the beginning of a deeper structural shift?

We cover:

• The Silver Slam: What caused the historic 1-day crash? Why it happened, who got wiped out, and whether this bull market is still intact.

• Paper vs Physical: When does physical take over price discovery?

• JPMorgan’s Perfectly Timed Bottom

• COMEX Delivery Shock — 12.5 Million Ounces Accepted Instantly. Is this a sign of physical stress? And why did JPM issue all 633 notices?

• The Shanghai–Western Silver Divergence. At one point last week, Shanghai silver traded around 45% above Western silver — the largest premium in the modern global market.

This episode connects the dots between:

COMEX, BRICS, physical shortages, monetary policy, and the global power shift from West to East.