It always works like this. When something is suppressed for a really long time and then you let the brakes off, then it shoots in a direction. So technically, you know, silver has been suppressed for many, many, many, many years. But it really was the start last year and I think we talked about this where in the US where it's primarily a paper market and the paper market has been leading the globe in pricing. Uh but it started to shift last January into a physical market when the imported a whole bunch of physical silver and a


whole bunch of physical gold. And then we had backwardation where the current prices for delivery were much higher than the future prices because why would that happen? Well, because people don't think they're going to be able to deliver in the future cuz silver is a diminishing asset. It gets used up in manufacturing [music] and it seems like the transition to it's not complete yet, not by any means. And I think that's when we're going to see the four-digit number for silver. Um, but


what's really happening is the physical we're in a transition where where number one affordability matters again and number two supply and demand is ultimately going to matter again and we're already in that trans that transition. So, you know, plus you're you're it's really a reflex of what's happening in the debt markets, in the crypto markets, in all of the markets, [music] you know, that are so severely inflated and overvalued. And all of a sudden, people are looking


at gold and silver, but to your point, silver is outperforming gold at the moment. um because that's been even more suppressed, more volatile with the price action and yet it's got full demand in every single sector of the markets and we're in you take a look at what's happening in the crypto. Is this a crypto winter? Is this the [music] test? I don't know. I I'm not I'm surprised with the Wall Street and the government and the banks really pushing hard into that arena why that area is doing so


poorly. But there's only one de one place of demand for cryptocurrencies. That's it. One place. So if that demand dries up, this is my physical representation of a Bitcoin which is designed to look like a gold coin. So, you think that they're just the same. Um, but I think that that's what's happening. A lot of what's happening is the system is simply broken. This is not something that just happened. But I would say that 2022 was a big year when they started shifting [music] and having to push


rates up and we're looking at what's happening in the global bond market. So the response in the physical monetary system, sound money, which is gold as the primary currency and silver as the secondary currency, it's it they're going into their day and demand and supply is mattering again as it should. I think it will carry over to other countries. But I also think that um India has been very forward over the years in first their gold scheme and now their silver scheme. And part of that I


think has to do with the pricing [music] of gold and silver is even at these levels certainly for many people a whole lot more affordable. [music] And so I think that the trend that they've been watching with their population also [music] because that is a tradition in India for people to wear their wealth. They've been through hyperinflation. They've been through currency denominations not all that long ago. What was that 2018 I [music] think or 16 something like that where they demonetized like


85% of their of their um currency. And so this to me is an additional scheme to number one, there's there's part of them that needs the public to be somewhat resilient. But whenever they're going to deposit it into the system and they're going to pay interest on it, it's because the government is attempting to gather it and make it easy to I I don't know, dare I say it, confiscate. You know, that that is something that I've been looking at, you know, quite a bit. And [music] that is something that is a


phenomenon that is global. Whether it's done in an overt way, okay, turn in your gold, you have no choice, or it's done in a covert way through these schemes. [music] Either way, >> very interesting. >> Oh, I'm telling you, you know, I mean, either way, if you don't hold it, you don't own it. So, if you deposit it in the bank, then and they want to confiscate it, they're going to do it rather than what? Go doortodoor. They've been working on this well primarily with


gold now with silver. But they've been working on this for a very long time. I know a big paper that came out was back in 2019 trying to entice the population to deposit their gold which is money and they know it's money and silver now it's it's a function of price. I [music] think as well >> there are moments in monetary history when you can feel the system straining under its own weight. Not collapsing yet, not visibly breaking, but groaning like an old structure weakened from


within over decades. Everything looks stable on the surface until pressure hits the wrong support and the whole thing gives way. That's where we are now. Silver is doing what it always does in moments like this. It tells the truth before the system does. The global monetary regime is in a slow motion breakdown and the clearest evidence is showing up in physical markets. The price on a screen doesn't represent reality. It represents the paper narrative. A derivative-driven version of the truth that governments and big


banks prefer because it gives them control. But when physical markets diverge from paper markets, that's not a small signal. It's a warning siren. It doesn't mean silver is temporarily tight. It means something fundamental in the system has broken. That break began decades ago when silver shifted from a monetary metal stored in vaults to an industrial metal that gets consumed. Unlike gold, which is recycled and reused, silver disappears into electronics, solar panels, medical devices, and modern infrastructure. It


doesn't just get used, it gets lost. Years of price suppression created massive pressure. When that pressure is released, it doesn't drift higher, it snaps upward. Silver is now entering the early stages of that release. But silver isn't the story, it's the messenger. The real shift is capital quietly moving out of paper promises and into physical reality. You can see it in unprecedented US imports of physical gold and silver and in backwardation when immediate delivery trades above future prices


signaling distrust in the systems ability to deliver. Zoom out and the stress is everywhere. Stocks, bonds, and crypto are all flashing warning signs. Crypto in particular shows what happens when speculation is the only demand source. When enthusiasm fades, price follows. One demand engine is never enough to sustain a financial revolution. Silver is signaling something much bigger. If you want to stay ahead of these shifts and understand what the system isn't telling you, subscribe to the channel and turn


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