These two charts tell the same story from two different sides of China’s market. SGE silver vaults, which represent metal available for immediate spot delivery, have been draining steadily since late 2025 and just made fresh lows into Feb 2026. SHFE silver vaults, which back

The Kobeissi Letter They are clearly caught in a forced liquidation wave, not a fundamental breakdown. The $10 trillion “wipeout” is mostly mechanical selling from leveraged positions, ETFs, and momentum funds all trying to raise cash at once. This kind of move spikes volatility, drains risk

Feb. 2, 2026, the PM markets data in CN. Today, the CN's precious metal markets continued to plummet. SHFE has issued another notice to strictly regulate silver contract trading, but did not mention gold.

After last week's spectacular move, $COPPER has found support today and traded up nicely from the lows. Overnight, BMO pointed out the Copper concentrates continue constriction. We continue to watch copper price action closely. Any news on supply constraint will place further

🚨COMEX didn’t hit circuit breakers because the system was built to protect itself, not fair price discovery. CME (owner of COMEX) is dominated by institutional giants — Vanguard ~9.8%, BlackRock ~8.7%, State Street ~5%, JPMorgan ~4.5% — the same ecosystem trading paper silver.

Ray Dalio warns the world is ‘on the brink’ of a capital war cnb.cx/4apQpwR

Feb. 4, 2026, the PM markets data in China.

🔥Silver Shortage Hits Dubai: Buyers Paying 15% Premium for PHYSICAL 🔥 🚨"#Silver IS NOT AVAILABLE in the market right now. Physical Stock is EXHAUSTED!" Does this look to you like a bull market that ended last week?

This is a good reminder of how small the physical silver market really is and how easy it is to manipulate it - Paper silver to physical silver ratio: 408:1 - Annual silver production: ~$70B If just ~0.25% of paper silver were settled in physical, it would wipe out 1 year of

Metals will almost always do unimaginable before let you make big money. Looks like silver's decline is over for real this time. With 5th Elliot way complete, silver should be looking for an A-B-C counter trend correction back above $90 pretty soon...

COMEX Inventar: Silber | DataTrack datatrack.trendforce.com/Chart/content/…

#Copper - Glencore is spot on! Higher copper mine supply is needed to meet the anticipated demand for copper!!

🚨 SHANGHAI #SILVER ALERT 🚨 📉 The #SHFE vault is in a total freefall ⚠️Inventory just plummeted to 318.5 tons, down 31.35 Tons WTD, officially hitting levels not seen since October 2015 ⚠️The vault has "bled" 54% of its total inventories YTD #preciousmetals #commodities

🔥Silver Surges Back Over $83🔥 Silver continues to surge Monday morning, rallying over $4/oz over the past 2 hours. Silver has now definitively broken through its descending wedge pattern, & is back above its 50 DMA. This morning's brief correction from $82.50 to $78.50 was

The US has quietly built up its biggest stockpile of copper in decades, distorting flows of the red metal to the rest of the world. Here's what to know. bloomberg.com/news/articles/…

Silver's recent slam makes it even a better play in 2026. I believe, the whole February and part of March silver is going to arm-wrestle and grind higher towards all time high. Late March early April it could start breaking out with initial target of $150 - 160 where it will

Yesterday's data from SHFE showed that silver long and short positions were balanced, with Zhongxin Futures being Number one bear and Zhongcai ranking only 8th. Gold bulls have completely crushed bears, with net long positions exceeding about 220%. Feb.10's data is as follows.

COMEX silver bleeds daily. Lost another 4.1 million ounces on Monday. Both registered and eligible went down. If registered amount of silver doesn’t rise fast enough to meet the OI, COMEX has a chance to declare force majeure by March. And by this speed COMEX will be out of

SMIC Warns Chip Industry in “Crisis Mode” as Memory Shortages Spark Overbooking China's top chipmaker SMIC says that the industry is in "crisis mode" as electronics makers frantically try to secure memory chip supplies, warning that surging demand could lead to overbooking of

SHFE's gold bulls continue to increase their holdings in various months contracts, and suppress short positions by more than three times. The market has reached a consensus that gold will surpass $10000 in the near future!