Silver may be one of the most misunderstood markets. Headlines say the vaults are “empty,” but the truth is more nuanced and far more important.
In this video, we break down:
- LBMA’s latest vault data and why stocks are shrinking
- The difference between total silver and the free float
- Why borrowing costs, backwardation, and futures spreads are flashing red
- How industrial demand from solar and electronics is colliding with investor demand
- Why the silver market today looks eerily like palladium before its sixfold surge
The vaults may not be bare, but the market is structurally tight and that has huge implications for prices and investors.
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