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 It's indisputable that silver has been suppressed. Let's just talk about it for one moment. >> Eight Western banks, eight have held for many years the largest concentrated short position in any of the thousand commodities traded on ComX ever in the history of the ComX. Eight Western banks holding the largest concentrated short position in this tiny little product. Now, why would they do that? That's the first question. Why would eight Western banks find it important enough to maintain a wickedly concentrated short

position in a commodity like silver? Now, my thesis for years, and I've done hundreds of podcasts on it, and I rarely get backlash on it. Once in a while, guys like Jeffrey Christian will will question me. But all you need to do is go to silverwarss.com or silverwars.org, or either one of them and take a look at the amount of silver that is indeed inside of all of these military components. Now, I have a client who works for the Department of Defense who validates much of what I have said publicly, but that there are hundreds

and hundreds of ounces inside every one of these high-tech missiles like a a cruise miss. >> What we're witnessing right now is not a normal rally. As I'm recording this, gold is trading around $4,659 per ounce, up nearly $70 on the day, a gain of about 1.5%. At the same time, silver is trading near $93, up over $4 in a single session, a massive move of more than 4.5%. That divergence matters. When silver starts outperforming gold like this, it usually doesn't happen at the beginning

of a cycle. It happens when something deeper is breaking beneath the surface. This is exactly the kind of moment Andy Sheckchman has been warning about for years when markets stop reacting to headlines and start reacting to physical reality. So, let's break down what's actually happening and why this move may be far bigger than most people realize. I focus on precious metals, but more importantly, I focus on the why. And right now, the Y is screaming precious metals in a way I've never seen

before in my 35- year career. For most of that time, almost no one in the ComX futures market ever stood for delivery. Less than 1% of contracts resulted in actual metal being taken. The entire system functioned because it was built on paper promises, not physical demand. That changed about 15 months ago. Since late last year, the amount of gold and silver standing for delivery has become shocking from a macro perspective. In December alone, just under 65 million ounces of silver were issued and

stopped, meaning someone took possession of it. Not all of it leaves the Comx immediately. Some stays in eligible accounts, meaning it's not for sale. But the key point is this. That was the largest December silver delivery in comics history going back to 1974. To put that into perspective, a mint box of silver eagles contains 500 o and weighs about 42. Who is buying 65 million ounces of silver? And this was not a one-off event. This level of delivery has been happening every single month for the

past 15 months. In the same December period, roughly 3.7 million ounces of gold stood for delivery. When you add this up, we're talking about billions upon billions of dollars month after month being converted from paper contracts into physical metal. And almost no one is talking about it. At this level, the most well-unded and well-informed participants on the planet are prioritizing physical possession over paper promises. That has never been the case before. Historically, less than 1% cared about delivery. Now it's

systemic. The same stress is visible in London. The London bullion market is supposed to be a T+1 settlement system, meaning trade day plus 1, and by the third day, the bar should be moving. Yet, for the past year, we've been told settlement delays are stretching to 8 weeks. We're supposed to believe that the Bank of England can't find enough trucks or manpower to move bullion for nearly 2 months. That explanation doesn't pass the smell test. What we're seeing is strain caused by delivery

demands, whether from sovereign nations like China, India, Saudi Arabia, and Russia, or from the most sophisticated traders in North America. Across the board, they are choosing metal over promises. That creates enormous pressure on a market that is deeply rehypothecated. These same ounces are sold over and over again on paper. Some estimates suggest there are over 2 billion ounces of paper silver claims backed by roughly 140 million ounces of available physical supply. What happens if too many people

ask for delivery at the same time? This is why technical analysis and macro narratives while useful are secondary in my view. The only thing that truly matters is who is doing this at this scale. Hundreds of billions of dollars worth of metal has flowed into the United States through comx channels in the past 15 months and someone is taking delivery. Do you really think that's happening by accident? These participants are not doing this for fun. They know something. To me, the deliveries themselves are painting the

clearest picture. They suggest something much bigger is unfolding than what the mainstream media wants to acknowledge. I believe the US Treasury may be involved, possibly through the Exchange Stabilization Fund. Silver was recently reclassified as a critical mineral in the United States. The European Union did the same at the end of 2023. China has announced that its domestic silver production will be retained for internal use, and as the world's largest refiner, it has begun restricting exports. At the same time, the US is

investing billions into new domestic smelting capacity. None of this is random. I believe gold is being quietly reintroduced into the monetary system and silver is being recognized for what it truly is, a strategic and critical material. Silver is essential to advanced technology, energy systems, and modern weaponry. It's no coincidence that military demand for silver is no longer transparently reported. The >> bottom line is gold and silver are more important than the currency that is

being used to buy it. and somewhere somehow someone got into the Trump administration. I believe that woke him up to that um woke him up to the fact that the rest of the world has embarked upon a strategy of accumulating these items. And if we don't, we're in trouble. And I will tell you, it's as unusual as 4 feet of snow in my backyard here in Boca Ratan in July. You know, I have two snowmobiles back in Minnesota in my sister's garage. I wouldn't call her and say, "Hey, Betsy, it snowed uh

here today in July. Would you send me my snowmobiles? Want to go for a ride?" It's an anomaly to the extent that to see this kind of of delivery, which never happened, less than 1% stood for delivery. And now you're seeing it all over the place by the most sophisticated traders in the world to me tells me something far bigger than what we are being led to believe. and then the critical mineral designation and people like Judy Shelton who on my show the you know Trump's nominee to run the Fed in

2016 claiming and in her book that she was told by President Trump in no uncertain terms that he will peg the back end of the bond market to gold to reinspire credibility at some point July 4th of this year 2026 the 250th anniversary of the country her words not mine but I guess all I'm really saying is that at a very very high level there is a a understanding I believe that gold and silver are now coming back full circle from where they once used to be. Maybe not the same way but indeed far

more important than I think most people will give it credit for. See this is the problem and I think this is where technical analysis which is very valid and I'm not I think it is right that silver has been suppressed. Let's just talk about it for one moment. Eight Western banks, eight have held for many years the largest concentrated short position in any of the thousand commodities traded on Comx ever in the history of the Comx. Eight Western banks holding the largest concentrated short

position in this tiny little product. Do like, share, comment, subscribe, and don't forget to hit the bell icon for more updates.