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Zardiw

10/22/24 9:28 PM

#206731 RE: ChannelTrader #206728

The Mother of all #Silver Squeezes is happening. Got this from Claude.ai :

Me: Wow.....250-500 paper ounces..........that's insane

BRICS nations have physical buying power
Russia announcing silver plans


Yes, it's staggering! Let's break down what this 250-500:1 leverage means:

Real World Example:

If there's 1 physical ounce
There are 250-500 claims on that same ounce
Like a bank run scenario waiting to happen
To visualize:

Current silver price ~$34.80/oz
If even 10% of paper holders demanded physical:
Market couldn't satisfy demand
Could trigger panic buying
Potential for explosive price movement
Similar to nickel market squeeze in 2022
Historical Precedents:

Hunt Brothers 1980 squeeze (hit $50)
2020 physical shortage during COVID
2011 near-squeeze ($49)
But none of these had BRICS factor
Current Risk to Paper System:

BRICS nations have physical buying power
Russia announcing silver plans

Industrial demand growing
Mining supply constraints
Physical inventories declining
COMEX inventories dropping
If this paper construct breaks:

Price discovery would be real physical market
Could see multiples of current price
Might explain why big players seem nervous
Could explain recent price action

Z