If the information here is accurate, big problems ahead ...

This is AI generated.  Same info on multiple channels.  Hard to trust.

Sorry, it looks like that chart is since the fall. But it's climbing rapidly, especially the last day or so.

Yes, silver is going crazy.  We do know that the premise is right that there isn't enough physical silver due to industrial demand for real silver and not enough physical silver to cover the paper, not even close.  There could definitely be a huge run and a collapse of silver, rendering the paper worthless, and seriously hitting financial institutions that are leveraged in it.

I saw elsewhere that JP Morgan Chase had been hoarding physical silver.  Manufacturers that require it might get into bidding wars, leading to runaway inflation and getting back to the supply chain problems of the COVID era.

If the silver market collapses, that could destabilize gold as well.

It will be interesting to see what happens.

One conspiracy theory had the financial system leaving only about 5 top banks as the others get cannibalized.

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I really don't understand why someone would buy "paper silver". It seems like asking to be defrauded.

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I really don't understand why someone would buy "paper silver". It seems like asking to be defrauded.

Speculation.  That's what all this derivative garbage does, where people make money on the right to own stuff, and then the right to own the right to own.  It's just a huge casino.  When people go buy stuff, a certain percentage of almost everything goes into the pocket of some trader who had absolutely nothing to do with the product from mining / drilling to refining to manufacturing, where they never owned it, contributed zero value at any point along the line, etc.  This garbage is usury on steroids and lets them thoroughly fleece the people.  But, hey ... if you bought paper at $30 last year at this time you've more than doubled your money.  Except that it's theft.  At some point, though, it's going to collapse.  Now, the big players know when it's coming, but small investors will get clobbered, left holding paper they bought for $80 when it drops to near zero.

Then when it tanks they will try to confiscate silver like FDR did with gold during WW2 just in case the Goyim got their unclean hands on it.  National Emergency!  We need it for manufacturing!  Hand it over to r go to jail.

NY Fed had an emergency meeting about a month ago due to a liquidity crisis.