Scott Forrest

[Rashad Hajiyev @hajiyev_rashad]

Gold to silver ratio is within a countertrend rally and shortly it should be against a year-long descending resistance. My target for the ratio is 30 area by second half of summer 2026, which should be good enough to push silver to $200 plus...

[JustDario @DarioCpx]

Wow what luck! Another generational buying opportunity is opening up on the KOSPI! Hurry up if you don't want to miss this chance

[Nostra, House of Gold @Nostre_damus]

@bruca Nothing good

[JustDario @DarioCpx]

Someone definitely got the memo…….

[Rashad Hajiyev @hajiyev_rashad]

If inflation keeps going higher, Fed needs to step in and hike rates, but it cannot because US national debt is over $39 trillion. Hiking rates would result in interest expense becoming unbearable for the Treasury. Fed is trapped and does not have much tools left. “No wonder why gold is falling”…

[JustDario @DarioCpx]

Beware ⚠️, the current silver price in China at the SHFE is currently trading at ~102$/oz vs ~87$/oz at the Comex. The spread at 15$ is actually WIDER compared to the last trading day before the SHFE closed for the long Chinese holidays.

[JustDario @DarioCpx]

Comex silver futures Feb26 physical deliveries just hit ~4,500 contracts, more than the OI before the settlement period started, and now in 9 days the same amount of oz of the whole Feb25 month. Clearly, contracts are bought for immediate delivery, a sign of physical shortage

[JustDario @DarioCpx]

“Silver crash sees London bullion tight again” - Wait a second, what?! I just discovered something really incredible ⚠️👇🏻

I bumped into this chart today from @bullionvault and the title struck me hard because, undoubtedly, what it says is illogical isn’t it? Well, as a matter of fact that’s what just happened.

But then I started to dissect this chart and noticed another very odd thing: during the January run higher in silver prices from 72$ to 121$ the lease rate went DOWN. For instance, in the moment it hit zero the market crashed almost 40% in a single day. How is that possible? We know that In Jan Comex, LBMA, SGE and SFHE all recorded a decrease in physical inventory, particularly acute at the SHFE, in relative terms, that is now almost empty. So where did that silver come from to temporarily ease the stress in the market scrambling to find physical silver to settle contracts? ⚠️ THAT SILVER WAS DRAINED FROM SLV.

On the 22nd of Dec the SLV total shares outstanding was ~590m and then it started dropping all the way down to bottom at ~550m exactly on the 30th of January when the price crashed vertically. Effectively ~35m oz of silver LEFT the SLV while the price was going UP

Do you remember how during that stretch of time the Comex and SHFE kept increasing margins higher and higher but it didn’t have impact on the price that kept going up? If you connect the dots is now clear that the bullion banks were buying SLV in order to redeem bars they would have then used to settle month end contracts. This reflected in future prices that kept following because bidding on the underlying through SLV and at the LBMA in London effectively keeping silver prices in contango all the time despite the higher and higher price.

There is something the bullion banks, and some speculators like Bian Ximing, I believe miscalculated: the strength of the demand for physical silver and how SLV is becoming a reliable source of supply of physical while the exchanges continue to be drained and there is less and less assurance physical deliveries can be settled in those venues against expiring futures contracts.

As a consequence SLV shares were bought hard while the price crashed and the total shares count is now back to ~580m. Considering this element alone isn’t surprising that lease rates in London (where SLV physical bars are held) spiked again because bars had to be sourced and delivered to match the increase in SLV shares.

If you look at the chart again you will also notice how this jump in lease rates was the highest with the except to the spike all the way to 35% back in October when the LBMA was allegedly about to break. Here is the big question now: is the LBMA about to break again? If this is the case it will be hard to orchestrate a rescue shipping bars from the Comex and China into it like it happened in October because all those exchanges now hold very limited inventory against the OI of the future contracts in their venues.

As I explained in the post in the comment, there is already no doubt about banks manipulating the silver price between the LBMA and Comex fixings to create an artificial price discount in SLV so they could extract bars from it arbitraging the ETF. However for the first time in weeks this didn’t happen last Friday.

Considering the huge amount of naked shorts in the market proven by the lack of available physical inventories against future contracts, the constant drain of exchanges vaults and the reports of acute physical stress in the real world that didn’t change at all despite the crash in the price, I believe that the sharp jump in lease rates on Friday is the canary in the coal mine warning about an incredible spike in silver prices brewing to unfold next week because bullion banks will have to scramble again to source physical all the way into the big deliveries expected to start in 3 weeks at the Comex.

[Scott Forrest @ScottForrest21]

@Nostre_damus ?

[Scott Forrest @ScottForrest21]

@Nostre_damus And now Higher?

[GoldSilver HQ @GoldSilverHQ]

These banksters should be in jail.