Yeah, $100 uh I don't think is out of the question. Basically, uh physical demand for silver is overwhelming the paper. >> You're watching Silver News Daily. Subscribe for more. >> It wasn't just a glitch. The CME's multi-hour trading halt on November 28th sent shock waves through the silver world. And the deeper you look, the more it starts to look like a deliberate mask over a financial system cracking at the seams. For 11 hours, silver trading was frozen. No bids, no asks, just silence. While behind the scenes, physical silver vanished, premiums exploded, and the spot price ripped to nearly $56 in the thinnest liquidity we've seen in years. And then nothing but a canned excuse about cooling failures. But insiders aren't buying it because when silver moves like that, up $5 in a single day, it's not just market noise. It's a rupture. And that rupture might be the first crack in a paper silver market that's been stretched to the edge for decades. What if I told you that the entire paper silver system built on promises of metal that doesn't exist is finally collapsing? That central banks from Russia to Dubai are hoarding silver in record volumes while the west sleeps. That the comx itself is showing signs of stress with registered inventories plummeting and lease rates hitting historic highs. And what if this is only the beginning? Because once the physical price breaks free, the paper charade ends and the real price of silver, it's not $50. It's not $60. Some are saying $100 is now a floor, not a ceiling. So, what really happened that night? The CME went dark. And what comes next now that the mask is slipping? If you're watching this, you're already ahead of the curve. But stay with me because once you see the full picture, you won't just understand why silver's breakout is inevitable. You'll wonder why it didn't happen sooner. >> Important um aspect is that actually uh central banks like in the Middle East like the Gulf cooperation uh central banks uh even Turkey uh Russia, China, they're all starting to buy physical silver. And uh I've even heard that Dubai now they want to um come up while they're creating a uh tokenized silver uh instrument. Uh basically they want to make silver uh kind of money again which is quite amazing. I don't know if you saw the other day uh Dubai they showed this uh silver bar. It it was uh 1,971 kilos. So almost two two tons and uh yeah they're they're really into silver. We we saw uh that uh India is going to allow uh individuals and companies to use silver as collateral for for money uh for loans excuse me. So yeah, up until 6 months ago, the reason people gave for silver underperforming gold was that uh well central banks only buy gold, they never buy silver. But that's completely changing and I think that's huge. And I think uh the silver price uh right now we're like uh in what one would call terror in incognita like we we're in territory we don't know. uh it's never been there before but uh yeah I think there's such huge potential for silver now that central banks are getting involved and unfortunately in the west very few people are aware of this stuff I mean you and I are aware because we listen to the you listen to me I listen to other people uh in the gold and silver space but the mainstream is like completely like uh not not not really aware of it yet. Maybe the fact that u like Tucker Carlson has started his own precious metals dealer might help wake people up a little bit. He's got a big following. So yeah, that's the major thing. Um these countries outside the west uh yeah, they're going back to silver. Even Korea, South Korea, uh the central bank there has started buying gold again, but also silver. So um and we also seen Elijah that the United States and China, they've put silver on their critical minerals list. So everyone wants to get silver before those two giants get a lot more. The CME outage wasn't just an inconvenience. It was a revelation. For 11 straight hours on November 28th, silver trading froze. And in that silence, something snapped. In those moments of thin liquidity, spot silver surged to $55.66. And the usual rhythm of the market collapsed. Traders, institutions, and insiders were left staring at blank screens while behind the scenes, panic spread like wildfire. A so-called data center cooling issue was the official story. But the timing couldn't have been more suspicious. This wasn't just any trading day. It was the day the system started slipping and the paper market couldn't hide it anymore. See, this halt didn't just create volatility. It exposed how fragile the entire structure really is. Without constant algorithmic liquidity and highfrequency market makers, there was no buffer, just price discovery in its rawest form. And the result, a vertical spike in silver's spot price that almost no one was prepared for. Even more telling, backwardation emerged again where spot prices outpaced futures. A glaring signal that physical demand is outweighing paper supply. That's not normal. That's not healthy. That's a market in distress. And the fallout didn't stop when the CME came back online. Confidence took a hit. Volatility stayed elevated. And most importantly, it showed the world that in a moment of crisis, the paper silver market can't deliver. It can't keep up. And it might not be able to survive the next shock. Because while this outage was blamed on technology, what it really revealed was fear. Fear of what happens when the physical price breaks loose from its paper chains. Fear of what happens when demand outpaces fiction. And that fear is growing louder by the day. back in uh from '05 to '08, even though I was a a futures and options broker for government bonds, we had a client that traded a lot of silver and uh so I was involved in that and I could remember $5 days when silver was between $15 and $20. So I I don't see why we shouldn't see $5 days again, especially now that we are above 50. And uh I mean as we speak here, we're just trading at 56 the spot price. That's a new all-time high. And we're actually up uh Elijah $260. Um which is half of I guess five. But uh yeah, $100 I don't think is out of the question. uh back in um 1979 I think silver was at $16 in November and by J or even end of November and by January uh 1980 it got up to 50. So it like tripled. So we could very easily double uh and if we double we're at 100. That's um that's why um I said that in my uh video from yesterday. I mean since 1980 the top of the teacup is around 51 5150. So not only are the we're getting like record monthly uh closes uh we're getting a technical close above that lid which is huge. And the thing is uh back in October we went above that level um that lid we went to 5450 or 60 or thereabouts and then we we corrected back down to below 46 very quickly. Uh and technically that's very bullish. You you retest the breakout uh by going back back below the breakout and now we've gone back above. So, I'm not saying silver I don't like to say, oh, silver will never go below 50 again because I think it it still could. You never know in in the precious metals market, but the likelihood is a lot smaller today. >> Something extraordinary is happening behind the scenes and it's all pointing to one brutal truth. Physical silver is disappearing fast. For years, the paper silver market has operated under the illusion of endless supply. But now that illusion is crumbling. Registered ComX inventories, what's actually deliverable, have dropped 15% year to date, even as eligible stocks hover above 500 million ounces. And yet, that's the catch. Eligible means it's there but not available. Deliverable supply is what matters, and it's vanishing. Now, pair that with lease rates surging to a staggering 39%, an unheard of level in the silver space. That's the cost to borrow silver. And when it spikes like this, it means physical metal is getting harder and harder to find. At the same time, premiums on coins and bars are exploding. American silver eagles are commanding $6 to $10 over spot, sometimes even more. These aren't signs of a stable market. They're signs of panic, of a scramble for metal in a system built on paper promises. And it doesn't stop at Comics. Look at London. A severe shortage in the LBMA has forced record silver exports out of China, 660 tons in October alone, an all-time high. Indian demand during Diwali overwhelmed the supply chain so aggressively that premiums there spiked to $5 over spot. This isn't retail speculation. This is sovereign grade demand, crushing an already fragile supply chain. We're now in the fifth straight year of silver deficits. Over 1.24 24 billion ounces of demand in 2024 and 2025 is already projected to be short by up to 149 million ounces. Even recycling can't fill the gap. The system is stretched thin and the physical market is screaming the truth that the paper market is still trying to ignore. And if this keeps up, and all signs say it will, the paper shorts that have suppressed silver for decades could soon face the mother of all margin calls. Because when you sell what you don't own, there comes a day when someone finally asks for delivery. And that day is getting closer. >> Oh, for the average uh investor, especially if they don't have experience in in markets, uh professional experience like I I have and other people. Um yeah, futures trading is just for professionals, I think, and and speculators. And uh yeah, they shut the the market down. Um, some people are saying, "Oh, it was they shut everything down. It was just silver." But I don't know. It's a It smells It's a little bit suspicious. It's almost like uh Yeah, they shut it down for hours. A CME exchange is is probably the biggest exchange in the world, derivatives exchange. for them not to have backups uh and continue trading uh is kind of far-fetched, especially uh during this um Thanksgiving uh weekend where the markets are a lot quieter. There isn't that much activity. Uh we've seen a lot busier days where where everything runs smoothly. Uh especially back in October when silver was down massively. Uh they didn't close anything down. Yeah, that they're gonna say, "Oh, it was a technical glitch." But yeah, physical I I always say uh you start with physical. That's how I started back in 03 buying physical silver. Uh I had started buying gold a year earlier. Uh and uh yeah, avoid futures, avoid ETFs. The reason I I I say that is because ETFs are just a promise. Um they they you know they say they've got silver backing it but I don't trust uh the banks. You've seen what happened today uh on the CME/COM next. They just closed it. They could do the same thing with the ETFs. They could decide not to deliver to you or even big institutions. Um and then there's the mining mining stocks. uh if you want to uh get involved and get more leverage uh to the silver price, I don't see why not. It just depends on on the individual and uh yeah, because sometimes I guess uh if you don't have enough room, it it's quite uh bulky to get physical silver. So, it could be easier to own some uh silver producers. Um that's the other um alternative I would say. And again, [laughter] not financial advice like you said, just are our >> While the West debates inflation numbers and interest rates, the East is quietly rewriting the rules of the silver game. Central banks and sovereign funds, especially those in Russia, China, Turkey, India, and the Gulf States, are no longer just stacking gold. They're loading up on silver. And they're doing it without fanfare because they know exactly what's coming. In 2025, Russia became the first nation to publicly allocate funds, $535 million for silver and PGMS over a 3-year period. That's not investment, that's monetary preparation. India, meanwhile, just flipped the script entirely. Beginning April 2026, the Reserve Bank of India will allow citizens to use silver, yes, physical silver, as collateral for loans. Up to 10 kg of silver ornaments per person could now unlock up to $50 billion in previously illquid household wealth. That's a financial shift with massive implications. It legitimizes silver as a monetary asset, not just an industrial one. And it opens the floodgates for physical silver to vanish from the market even faster. But the biggest psychological shift came from the Middle East. Dubai unveiled a 1,971 kg silver bar, not for show, but for tokenization. A Guinness record- setting silver bar designed to back digital silver assets on a blockchain. Think about that. Sovereign grade silver tokenized and vaulted, never to return to the open market. It's being taken off the table permanently. And let's not ignore the trend. South Korea resumed silver purchases alongside gold. And both the US and China have now officially added silver to their critical mineral lists. That means tariffs. That means export controls. That means premiums. And that means less physical silver making it to market. Western investors are still sleeping. Still arguing about whether silver is an inflation hedge or a commodity. Meanwhile, the rest of the world is treating it like money. Real money. And once enough of it is locked away, when the music stops and there aren't enough chairs, it won't be the central banks left without silver. It'll be everyone else one. >> Remain calm. I I try to stay even ke uh even on the way up. Back in beginning of October, the market went crazy. Uh on the way up, especially gold, I try to stay calm and uh not too excited. And the same thing when it corrected, same thing now. Uh but for people who want to get in involved in silver, I would say uh don't uh go in all at once, I I don't if you have a certain amount of dollars, don't go and buy all of it in silver. Maybe dollar cost average and don't worry about the price because if you do it regularly, you're going to get u a period when the price is corrected down. So yeah, I think that's the best thing to do. But it it's getting uh I think we could see next week uh silver be very uh explosive to the upside. We could see a lot of volatility as well. And uh I expect uh the premiums uh to go higher for silver because the dealers uh when it's very volatile, they need to uh have a a wider bid and offer spread to protect their uh profitability. So that that's the only thing I would say right now. >> Just before we get going, we just launched the official Silver News Daily Telegram. To kick things off, we're running a 10oz 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 10oz silver giveaway. Be subscribed to Silver News Daily on YouTube. Turn on the notification bell, comment 10 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 lucky winner to receive 10 ounces of silver shipped directly to you. So, get in early, stay active. >> Uh I I mean, yeah, I heard that uh from Andy Sheckman um last week. I interviewed him. He said the uh constitution or or junk silver is Yeah, it's almost trading at spot, which is unusual. Um I'm not really picky. I just try to get the best deal. uh in silver and I think as long as you have silver that's fine. Uh yeah, I think everything will do well. Um here in the UK, I I I like buying um the uh coins of the realm like uh the 1 oz silver bratas and I have some like uh pre 1920 uh sterling silver coins as well. Uh those are really they're like the the junk silver for for the UK. Uh yeah, and in the US I would stick to uh silver eagles and uh pre65 um coinage. And I I guess if you're if you have millions uh of course you might want to think about bars uh silver bars like uh 5,000 ounce bars and stuff like that. But for the small investors, yeah, stick to the uh the co coins and maybe some 100 gram bars and stuff like that. >> The price action is already telling the story if you know how to read the signs. Silver isn't grinding higher. It's bursting through resistance. After consolidating under $50 for years, we finally seen a confirmed breakout above the psychological and technical ceiling that held this market hostage for over a decade. And this isn't just any breakout. It's a textbook cup and handle formation, and the handle just snapped. Now, let's talk numbers. Silver hit a nominal all-time high of $58.98 on December 3rd, and even with minor pullbacks, it's holding firm above $57 as of early December. More importantly, this isn't a speculative pump. The RSI is sitting at a healthy 65. MACD just flashed a bullish crossover and the 50-day moving average is now acting as firm support around $52.40. In technical terms, this is momentum with muscle. This is structure backing a surge. But what really matters is the way silver is moving. These aren't your standard 30cent days. We're now seeing$1 to $2 daily swings as a baseline and $5 moves are on the table. In fact, during the CME outage alone, silver surged nearly $6 intraday. That level of volatility doesn't just happen. It signals stress, urgency, and institutional recalibration. The market is repricing risk, and it's doing it fast. Even more striking, we've just closed a month above $50 for the first time in history. Not a spike, not a wick, a monthly close that locks in a new trading range and opens the door to the next leg higher. Technical projections based on the cup and handle formation are now pointing to targets between $87 and $96. And that's just the measured move. Layer on the physical shortage, sovereign demand, and institutional FOMO, and suddenly $100 isn't a moonshot. It's the next milestone. This is what a breakout looks like when it's real. when it's not driven by hype, but by scarcity, structural failure, and monetary revaluation. And for those watching the charts, the message couldn't be clearer. The price of silver isn't rising, it's being redefined. >> Yeah, I mean, it's uh very surprising for me. And uh but I think um maybe these uh central banks are waking up to the fact that u yes it's good to have gold as more of a reserve asset but uh silver will provide more liquidity as well in terms of a dayto-day um like asset or money or currency to use for the general public. And I I I I see that um I think it's Ronan Manley and u Bullion Star. I'm not sure if it's together with Bullion Star. They're helping uh develop this uh token in Dubai, silverback token. So I I'm not sure exactly yet what that's going to be like, but uh yeah, you could go to Dubai and like um use uh silver uh as as currency. Uh so I think yeah and that helps liquidity because um you're not just uh focused on gold. You have like a bi metallic uh standard. That's how it used to be uh in the US prior to 1873. So uh I think this is truly historic. Um and uh it's going to catch a lot of people by surprise because we've been told that silver will never be money again or be used again. that you you need to be into Bitcoin and cryptos, but maybe going back is um what it's all about. Going back to uh real real money. I I mean Elijah, the name dollar comes from a a silver coin uh called the Spanish dollar and that comes from the Yuakeim's Talor coin. Uh in Spanish, plat which is silver also means money. In French, a means silver means money. So, and we've only been um let's say separated from silver as money uh for about 50 60 years. I mean, um in the 60s, uh a lot of countries still use silver as money. And >> what we're witnessing now isn't just a breakout. It's a breakdown of the paper silver system itself. The ETFs, which were once touted as a reliable vehicle for silver exposure, are bleeding metal. Physical redemptions are accelerating. SLV and other major funds are being drained as institutions quietly convert paper claims into actual metal and pull it out of the system. The reason trust is evaporating. The game of musical chairs is nearing its end. And the smart money knows that holding a promise to silver is no substitute for the real thing. At the same time, ComX is flashing red. Outflows from registered inventories have picked up pace again despite a brief reprieve in October. The inflows we saw back then, about 75 million ounces, were nothing more than a stop gap. They've already been met with accelerating outflows, especially as more contract holders demand physical delivery. This isn't some internet-driven hype cycle like in 2021. This time, it's institutional grade pressure. Sovereigns, funds, and high- netw worth individuals are asking for bars, and they're not reselling them. They're disappearing them. Premiums are soaring across the board. Not just on coins, but on kilo bars and 1,000 ounce bars, the kind institutional players use. In London, the arbitrage gap between the LBMA and COMX has widened to as much as $155 per ounce, a clear sign that silver is being sucked out of one hub and rushed to another. lease rates, spiking, backwardation, persistent. The mechanisms that used to suppress silver are starting to reverse, and they're doing it violently. And here's the most important part. This pressure is no longer theoretical. It's mathematical. With a projected deficit of up to 149 million ounces in 2025 and no relief in sight from mine supply, the market is cornered. Short sellers are trapped and the fuse has been lit. If just a fraction of paper holders demand delivery, the whole system will fracture. This isn't about Reddit. This isn't a meme. This is a fundamental collapse in confidence. The kind that turns a short squeeze into a full-blown financial reset. >> Yeah. And I think also the countries like China and others, they they've seen how uh having a reserved currency that's uh controlled by one country is not a good thing. like what the US did. Um, you get like Triffin's dilemma. So, uh, it's ironic that supposedly authoritarian and undemocratic countries like China, Russia, and the Middle East, they're the ones going back to sell money first. But even if they weren't uh going to go back to uh using it again as money and currency, I I I still think it's a good place to be. uh just as a wealth preservation and >> everything is in motion now. The CME outage was the spark, but it was only the beginning. What it revealed is that the paper market is too fragile, too leveraged, and too disconnected from physical reality to withstand what's coming next. Physical demand is off the charts. Supply is shrinking. Central banks are reclassifying silver as a monetary reserve. Tokenization is pulling bars permanently off the market. And the price, it's already running ahead of the news. We're not waiting for $100 silver anymore. We're counting down to it. Technical patterns are pointing to $87, $96, even $15 in the next major move. But more importantly, the system that kept silver suppressed for decades is breaking. Premiums are widening. Backwardation is persistent. Paper shorts are being drained by physical deliveries they can no longer meet. The game is up and the exit doors are narrowing fast. For years, silver was the overlooked metal, industrial, forgotten, manipulated. But now, it's the most strategic asset on the board. It's no longer about if silver will hit $100. It's about who will be able to get it when it does. And the answer, not many. If you see what's happening, you know what comes next. Subscribe for real-time updates as this market unfolds. and make sure you're not the last one holding paper when the music stops. This is not financial advice. Speak to a licensed professional before making any investment decisions.