We knew the comex would run out. I belive they figured it out for sure when they smashed the price last week. Since they don't have to give out metal after it's gone,they want to settle the rest cheep.
The LBMA London main metal vault,is said to be even worse than the comex....
The LBMA London main metal vault,is said to be even worse than the comex....
Concerns regarding the transparency, inventory levels, and physical availability of precious metals in the London Bullion Market Association (LBMA) vaults compared to the COMEX have intensified in recent years, with some analysts and market observers arguing the situation in London is more severe. [1, 2, 3, 4, 5]
Key issues highlighting the vulnerability of the LBMA vaults include:
• Shrinking Silver Inventories: LBMA silver holdings have experienced a long-term decline, with inventory levels falling over 30% from a peak of 1,180 million ounces (Moz) in June 2021 to 823 Moz by March 2024. As of early 2025, these stocks reached their lowest point since 2016, with sharp monthly declines reported.
• Massive Outflows to COMEX: In early 2025, a significant, "record" amount of gold and silver was moved from London vaults to the US (COMEX) to meet demand, which reduced liquidity in the London over-the-counter (OTC) market.
• "Unallocated" vs. "Allocated" Accounts: Over 90% of trading in London occurs through unallocated accounts, where investors do not own specific bars but hold an IOU from a bank. This system allows for the rehypothecation of metal, meaning multiple paper claims can exist for a single physical ounce.
• "Paper" vs. Physical Gap: Similar to the COMEX, the LBMA has been described as having a large gap between physical metal availability and the paper market, leading to concerns that a "short squeeze" could break the system.
• Cash Settlement Premiums: Due to shortages in physical gold to satisfy maturing contracts, an increasing number of London contracts are being settled for cash rather than physical delivery, sometimes at a high premium.
• Transparency Issues: While the LBMA has begun publishing monthly data for gold and silver, critics argue that the lack of real-time, granular reporting on who owns what in the unallocated system hides the true level of leverage. [2, 6, 7, 8, 9, 10, 11, 12, 13, 14]
While the LBMA emphasizes that its accredited bullion represents the highest standards of purity and that it continues to increase transparency, critics argue that the sheer volume of "paper" claims against the physical silver and gold held in London makes it highly vulnerable to a delivery failure. [15, 16, 17, 18, 19]
Conversely, some market analysts point out that the recent surge in silver prices in late 2025 has triggered inflows, suggesting the system is working, albeit with high volatility and severe market tightness. [20, 21, 22, 23, 24]
Clive is the best.
We knew the comex would run out. I belive they figured it out for sure when they smashed the price last week. Since they don't have to give out metal after it's gone,they want to settle the rest cheep.
The LBMA London main metal vault,is said to be even worse than the comex....
The LBMA London main metal vault,is said to be even worse than the comex....
Concerns regarding the transparency, inventory levels, and physical availability of precious metals in the London Bullion Market Association (LBMA) vaults compared to the COMEX have intensified in recent years, with some analysts and market observers arguing the situation in London is more severe. [1, 2, 3, 4, 5]
Key issues highlighting the vulnerability of the LBMA vaults include:
• Shrinking Silver Inventories: LBMA silver holdings have experienced a long-term decline, with inventory levels falling over 30% from a peak of 1,180 million ounces (Moz) in June 2021 to 823 Moz by March 2024. As of early 2025, these stocks reached their lowest point since 2016, with sharp monthly declines reported.
• Massive Outflows to COMEX: In early 2025, a significant, "record" amount of gold and silver was moved from London vaults to the US (COMEX) to meet demand, which reduced liquidity in the London over-the-counter (OTC) market.
• "Unallocated" vs. "Allocated" Accounts: Over 90% of trading in London occurs through unallocated accounts, where investors do not own specific bars but hold an IOU from a bank. This system allows for the rehypothecation of metal, meaning multiple paper claims can exist for a single physical ounce.
• "Paper" vs. Physical Gap: Similar to the COMEX, the LBMA has been described as having a large gap between physical metal availability and the paper market, leading to concerns that a "short squeeze" could break the system.
• Cash Settlement Premiums: Due to shortages in physical gold to satisfy maturing contracts, an increasing number of London contracts are being settled for cash rather than physical delivery, sometimes at a high premium.
• Transparency Issues: While the LBMA has begun publishing monthly data for gold and silver, critics argue that the lack of real-time, granular reporting on who owns what in the unallocated system hides the true level of leverage. [2, 6, 7, 8, 9, 10, 11, 12, 13, 14]
While the LBMA emphasizes that its accredited bullion represents the highest standards of purity and that it continues to increase transparency, critics argue that the sheer volume of "paper" claims against the physical silver and gold held in London makes it highly vulnerable to a delivery failure. [15, 16, 17, 18, 19]
Conversely, some market analysts point out that the recent surge in silver prices in late 2025 has triggered inflows, suggesting the system is working, albeit with high volatility and severe market tightness. [20, 21, 22, 23, 24]
AI responses may include mistakes.
[1]Â https://www.reuters.com/markets/commodities/outflow-london-gold-vaults-us-slows-down-says-lbma-2025-03-07/
[2]Â https://www.lbma.org.uk/articles/latest-lbma-data-clearing-and-vault-data-february-2021
[3]Â https://qz.com/1803712/birmingham-shows-why-the-uks-hs2-plans-are-so-controversial
[4]Â https://www.gainesvillecoins.com/blog/bullion-brief-june-2nd-2025-gold-central-banks-fed-uncertainty
[5]Â https://seekingalpha.com/article/4854508-silver-not-silicon-why-the-next-market-leader-in-2026-wont-be-ai
[6]Â https://www.reuters.com/markets/commodities/outflow-london-gold-vaults-us-slows-down-says-lbma-2025-03-07/
[7]Â https://www.facebook.com/groups/336794456719727/posts/2572474766485007/
[8]Â https://www.kitco.com/news/article/2025-02-07/londons-gold-and-silver-markets-remain-robust-even-vault-holdings-decline
[9]Â https://ingoldwetrust.report/nuggets/breakout-or-fake-out-is-this-silvers-golden-moment/
[10]Â https://www.numismaticnews.net/coin-market/did-the-london-new-york-markets-default-on-gold-deliveries
[11]Â https://www.lbma.org.uk/prices-and-data/london-vault-data
[12]Â https://www.youtube.com/watch?v=r85hdbKjgpg
[13]Â https://www.reuters.com/markets/commodities/outflow-london-gold-vaults-us-slows-down-says-lbma-2025-03-07/
[14]Â https://www.cnbc.com/2025/11/29/silver-hit-record-highs-in-2025-and-still-has-further-to-run.html
[15]Â https://www.itmtrading.com/blog/blog/silver-stage-set-for-delivery-meltdown-comex-lbma-crisis
[16]Â https://learn.apmex.com/investing-guide/what-is-the-lbma/
[17]Â https://alchemist24.substack.com/p/the-vulnerability-of-etc-holders
[18]Â https://medium.com/@rtayli.naoufal/the-ecbs-gold-warning-why-central- banks-fear-physical-delivery-demand-2c184389ee55
[19]Â https://news.futunn.com/en/post/66651268/breaking-through-the-75-mark-the-momentum-behind-silver-s
[20]Â https://www.youtube.com/watch?v=2T_MzCzGjdw
[21]Â https://www.bloomberg.com/news/articles/2025-11-10/london-bullion-vaults-see-historic-inflows-after-silver-squeeze
[22]Â https://www.cruxinvestor.com/posts/silver-at-100-marks-the-shift-from-speculation-to-execution
[23]Â https://www.insidehalton.com/news/silver-gold-prices-canada/article_6e91f178-d54f-5732-825f-8b810a355782.html
[24]Â https://discoveryalert.com.au/silver-market-2025-tariffs-impacts-prices/
copied / pasted AI Overview
I agree with the AI.
If we all use AI more, the price of silver will go up. I asked the AI and it confirmed this is true.