Tenzen Matteis

HF analyst. Gold and silver maximalist.

[Zoran Kole @captain_kole]

Waiting for a sweep of the Monday low may leave you sidelined for the Q4 opening drive to yearly open.

[TheHappyHawaiian @ThHappyHawaiian]

After a hectic and crazy Q4 where silver rose 54%, it was nice to have a calm +5% Q1

Nice and easy, basically no volatility at all

Bond-like even

[Tenzen Matteis @trebleNight]

@DVSignals @garysavage1 His view hasn’t changed. This is a bad take..

[TheHappyHawaiian @ThHappyHawaiian]

$200 silver by June 30th update

[Tenzen Matteis @trebleNight]

@wcyorks @DVSignals great chart thanks for pointing out

[International Stacker @IntlStacker]

🚨BREAKING: “March may break the COMEX.” There is not enough Silver for delivery! “This may force cash settlement or worse!” March is one of the busiest delivery months and we are currently looking at approx 300 million ozt’s being demanded for delivery. Currently the COMEX has 103 million ozt’s, having lost 38% of total eligible stocks in just the past 3 months alone. It is looking like the COMEX may be short 215 million ozt’s of silver in March per Clive Thompson.

“This may force cash settlement or worse!” Check out his amazing work in the video below! This is not a drill! 🚨

https://t.co/KTCJ086U2r

[Lukas Ekwueme @ekwufinance]

The 22% silver flash crash today was driven by aggressive shorting.

- Trading volume hit 1.3 million ounces this morning
- That’s nearly 2× global mine supply in a single session
- The SHFE flagged six groups of accounts for abnormal trading behavior
- Those accounts were restricted from opening new positions

This wasn’t organic selling.

It was a deliberate attempt to force prices lower using concentrated short pressure.

Someone was desperate to break silver and they pushed hard enough that the exchange had to step in.

[JustDario @DarioCpx]

BREAKING: We now have the confirmation they attacked and tried to break the silver market at SHFE today - The SHFE is now will restrict the relevant accounts. Translation from Chinese below.

"On February 5, 2026, six groups of accounts under actual control exceeded the daily trading volume limit for relevant contracts , reaching the exchange's processing standard. The aforementioned clients' trading activities violated Article 16 of the " Shanghai Futures Exchange Abnormal Trading Behavior Management Measures ," and the exchange decided to take regulatory measures to restrict the opening of positions by the relevant clients in the corresponding contracts."

[Gary Bohm @GaryBohm5]

The underinvestment in the mining sector has created a situation where silver supply is highly inelastic. It cannot respond quickly to changes in price. This is a classic recipe for a price explosion, and that is exactly what we are now witnessing. This is what makes the current situation so different from past commodity rallies. In previous cycles, a spike in price would be met with a flood of new supply as producers rushed to take advantage of the higher prices. That is not going to happen this time. The years of neglect have taken their toll. The industry is simply not in a position to ramp up production in any meaningful way. The deficits are set to continue, and likely worsen, for the foreseeable future. This is a structural bull market, not a speculative fling. The implications are profound. It means that the high prices we are seeing are not a temporary anomaly, but the new baseline. It means that the mining companies, which have been operating on razor-thin margins for years, are about to enter a golden age of profitability. And it means that the downstream industries that rely on a steady supply of silver are in for a rude awakening. The era of cheap, abundant silver is over, and it is never coming back. It’s now a relic of history. A pet rock if you will.

[David Bateman @davidbateman]

It’s estimated there is 2.5 billion ounces of above ground silver bullion in vaults around the world, worth 2.5B x $103 = $257B

All the available silver bullion in the world is worth $257B.

It’s estimate there’s around 7 billion ounces of gold bullion in vaults, worth $7B x $4988 = $34.9T.

All the available gold bullion in the world is worth $34.9T.

That means you can buy 135x more of the global silver supply than the gold supply per dollar spent.

Which one is more valuable to the world? I would suggest they are of equal value.

Silver is wildly underpriced

[Lukas Ekwueme @ekwufinance]

This is huge for the commodity sector

US minerals and supply chain czar David Copley on the US plans to regain independence:

- Mining will get a lot of attention from governments around the world
- Mining is a priority area for US national development
- Critical minerals in the US are priority no. 1
- The US will continue stockpiling minerals
- The US wants to increase profitability in the rare earth space
- Over the next few years, the US is going to invest 100s of B in the mining sector
- The US wants a roadmap for every mineral vital to its economy

This is a game changer for the industry, especially with regard to rare earths.

Rare earths aren’t rare, but their mining and processing are very environmentally damaging. Western companies with ESG mandates can’t compete with Chinese counterparts, which don’t face these regulations and also enjoy state subsidies.

The result was absolute dominance.

China’s subsidized low prices forced Western companies out of business and increased China’s market share to up to 97% of rare earth processing and ~60% of rare earth mining.

In the future, I wouldn’t be surprised if there are two pricing schemes for critical minerals: one for China/BRICS and one for the West.

This race to regain critical minerals independence will lead to more supply shocks and subsequent price spikes.... creating a once-in-a-lifetime opportunity in the commodity space.

The era of commodities is about to begin

[SilverTrade @silvertrade]

🚨SILVER EXPLODES TO $109.26 IN SHANGHAI!! 🚨
🔥SHANGHAI SILVER PREMIUM HITS $13/oz!!

🎇#SHFE Silver Prints ¥24,459/kilo- Likely to Drag COMEX Silver Futures North of $100 Within Hours if Shanghai Silver Remains Near $110/oz!!

[Oliver Groß @minenergybiz]

Precious Metals and mining stocks investors ✅

[Nostra, House of Gold @Nostre_damus]

High metal prices & low oil costs are a dream scenario for Gold & Silver miners.

You're so early to miners that it's not even funny

[Tenzen Matteis @trebleNight]

#Silver #silversqueeze #silj #SilverMiners

[Tenzen Matteis @trebleNight]

SILJ/SILVER - miners finally starting to show some resilience here. Possible bottom? Earnings coming up early Feb should bolster the big names and drive more interest here, but risk of a local top / volatility in silver could stop the re-rating from playing out. Thoughts?

[Tenzen Matteis @trebleNight]

@pmbug Gotcha - appreciate the response, have heard a lot of back and forth about risk re SLV and re-hypothecation of the underlying bars, hopefully this doesn't exacerbate things..