Zombie market, is this the top of the PM market

[C.Martel]

The terrible economic case scenario for PM investors is a dollar collapse. With Biden a dollar collapse could have been ok, as Biden was not tasked to go to digital Big Tech money of crypto bitcoin.

Once bitcoin is money, money is hyperdeflationary. Gallon of gasoline for one penny, then the next day half penny. Silver worth a penny. Gold a dollar an ounce as bitcoin is super hyperdeflationary and into a death spiral of hyperdeflation. The PM game is permanently over and PM are worthless compared to bitcoin. It is why the banksters are preparing war for those that don't go along with bitcoin. To destroy rivals of the bitcoin dark age. It is why the banksters fear not silver nor gold, because Trump has the bitcoin card ready.

[C.Martel]

This is different than in 2011.

In 2011, the Ron Paulers were trying to buy retail to cause a shortage at the comex to crash the paper. Because we knew comex was a scam. 100 to 1 or more ratio, paper to physical.

In 2025, buyers are having more demand than the exchanges can handle, worse than 2011. The buyers are not trying to have 100% paper contracts be delivered and no supply. The buyers want their contracts to be delivered so there is enough supply.

This is a game where the players are working together for low prices, yet the system can collapse due to too much demand.

The market manipulators are fakely allowing price discovery after years of manipulation. If true price discovery was allowed with any amount deliverable, silver would have been in the thousands per ounce years ago.

So these spikes are controlled release valves, hoping these valves burst and silver is allowed to have real price discovery.

Banksters have the ability to flood the market with silver the banks own. Though demand would mop silver up in months and then banksters have no ammo left to dump.

So the banksters went long and are saying, are you gonna stop buying at 80, 90, 100.

[C.Martel]

I knew this was going to happen. I did not want to predict when.

I said last year:

By 2035, with inflation low, gold would likely be 50,000 per ounce. Silver would be over 5,000 per ounce. Based on low supply, the paper game collapsing, foreign players promoting gold as money... gold and silver will destroy the deepstate.

http://gold-silver.us/forum/showthre...l=1#post995342

[C.Martel]

$200 Silver Incoming: Export Bans, Empty Vaults, and the Worldwide Return of Silver as Legal Tender
Nations race for bullion as silver transforms from industrial staple to monetary lifeline—export bans, collapsing inventories, and state legalization ignite a worldwide rush for real metal

This Silver 50 year chart is beyond words
Image

Silver is no longer inching higher—it is detonating in real time, shredding every complacent model Wall Street ever built about this “boring” metal. A once‑in‑a‑generation supply shock has collided with record industrial demand, and the result is a vertical, panic‑driven repricing of the world’s most critical metal.​
China lights the fuse

Starting January 1, 2026, Beijing will seize direct control over the arteries of global silver trade. Every ounce leaving China will require a state-issued export license, granted only to large, politically favored enterprises with massive production and deep credit lines, mirroring the chokehold tactics once used on rare earths. For hundreds of smaller refiners and mid-tier producers, the export window does not just narrow—it slams shut.​​

China is not a niche supplier on the fringes; it is the central pillar, controlling the bulk of globally tradable silver just as a new wave of industrial demand detonates across solar, EVs, and high‑tech manufacturing. When that pillar locks down exports, the rest of the world does not “adjust”—it scrambles, outbids, and cannibalizes its own dwindling inventories.​
A deficit that will not die

This export clampdown strikes a market already bleeding from five consecutive years of structural deficit, where annual demand has consistently outstripped mine and recycling supply by tens to hundreds of millions of ounces. Analysts now concede the 2025 shortfall alone runs into a nine‑figure ounce gap, with no credible plan to close it as base‑metal‑linked mine output stagnates and ore grades continue to decline.​

Silver is not like a tech stock that can “scale” in the cloud; new primary mines require a decade or more, billions in capital, and permitting environments increasingly hostile to large-scale extraction. Recycling adds a modest trickle, not a flood, leaving a structural hole that gets deeper with every new solar factory, data center, and EV assembly line that comes online.​
Vaults are being drained

The proof of this crisis is no longer theoretical—it is visible in the emptied vaults and collapsing inventories from New York to London to Shanghai. COMEX registered stocks have plunged more than 70% from their 2020 peak, London inventories sit at historic lows, and Chinese exchange warehouses have been drawn down to levels that scream outright shortage. At current burn rates, key hubs are operating on weeks—not years—of readily deliverable metal, a razor‑thin buffer in a market this systemically important.​

That is why physical premiums are going berserk, with Asian cash markets already paying breathtaking markups over futures benchmarks as desperate buyers bid for actual metal, not promises. This is what happens when the world discovers that “inventory” was just a comforting word for metal that no longer exists in size.​
Paper illusions, real consequences

Hovering over this powder keg is a paper market grotesquely outsized relative to the underlying metal, with hundreds of synthetic claims stacked on top of each ounce that still sits in vaults. For years, this leverage machine kept prices subdued, lulling institutions into the fantasy that silver was abundant and always available on demand. Now, as physical tightness morphs into outright scarcity, even a small wave of delivery requests has the potential to overwhelm the system and force a historic repricing.​
Industry cannot walk away

Unlike gold, silver is not merely a monetary refuge—it is the bloodstream of modern technology, with industrial usage now comprising over half of total global demand. Solar manufacturers, EV builders, electronics giants, and medical device producers cannot “opt out” of silver without shutting down entire product lines, because no scalable replacement exists for many of its unique conductive and antimicrobial properties.​

So as banks, institutions, and sovereigns wake up to export controls, collapsing inventories, and leveraged paper towers, they are not chasing a narrative—they are chasing survival in a market where the squeeze is no longer hypothetical. Silver is not just rallying; it is revaluing, violently and publicly, as the world realizes that the age of cheap, abundant silver is over—and it is not coming back.​

Silver’s explosion is no longer just an industrial story—it has become a full‑blown monetary uprising. Silver is being pulled back into the financial system as money, collateral, and sovereign reserve, igniting a second, even more powerful leg to this historic bull run.​
Silver returns as money

In India, the Reserve Bank’s new “Lending Against Gold and Silver Collateral” Directions formally elevate silver ornaments and coins into the banking system, allowing households and businesses to post silver for bank and NBFC loans from 2026 onward. This single policy move effectively remonetizes silver for over a billion people, turning family silver from a dead asset into live, bankable liquidity.​

Pension funds and large asset managers, trapped in negative real yields and collapsing bond markets, are quietly rotating into vaulted silver as a hard‑asset hedge against accelerating fiat devaluation. What began as a trickle of “alternative allocation” has mutated into a strategic allocation thesis: own what cannot be printed, especially when it is also essential to industry.​

Russia has now explicitly added silver to its strategic precious‑metal reserve program, earmarking hundreds of millions of dollars for purchases and branding the metal a “strategic financial asset” within its de‑dollarization drive. That move shattered a decades‑long taboo among central banks and signaled that official institutions are no longer content to hold only gold while industry devours silver.​

Meanwhile, Florida has kicked open the political door in the West, passing CS/HB 999 to recognize gold and silver coins as legal tender, exempt them from state sales tax, and build infrastructure so citizens can actually use them in payments starting in 2026. Other states are already drafting copycat “sound money” bills, transforming silver from a sidelined commodity into parallel money inside the world’s largest fiat system.​

Layer this monetary shock on top of collapsing inventories, weaponized exports, and parabolic industrial demand, and the result is not just a bull market—it is the rebirth of silver as the people’s money in a world where trust in paper is dying by the day

https://thesilverindustry.substack.c...ort-bans-empty

I disagree with the part on Silver return to money. It is returning to a state sanctioned store of wealth. Silver is generational wealth. You can borrow against it in India, not as money, or else you would not need to borrow against silver if silver were money, you can borrow against silver as your store of wealth home. Silver is like a home, generational wealth.

The problem with silver rockets is a huge amount of silver goes into industry. Too high prices of silver and most won't buy expensive solar panels that are not economical as they were. Silver EV batteries, too expensive and priced out with 1000 dollar silver. So the bankers have gone from shorters of silver to telling industry, how about 70 dollar silver, is that too expensive for you. 80 dollar silver. How about 90, 100, 200, 300 dollar silver, is industry going to demand much less. So Banksters are trying to destroy industrial demand with higher prices of silver. To only have silver go to industries that need it and can be functioning with 100 or 200 dollar silver.

These years of cheap silver helped the silver bugs in limited ways (it would have been better for the Ron Paulers to win with 1000 dollar silver in 2012), they got industry to use vast amounts artificially suppressed prices of silver and had silver at cheap prices for investors.

And that gets to the core of the issue. Industrial use of silver can't have rockets since industry wants cheap silver. Silver to 1000 or 10000 needs retail investors and buyers. To have buyers on the comex to take delivery. To crash the exchanges, to have silver trade as the shitcoins have, detached from news and blind support. Except silver is 6000 years of history as treasure, wealth, and money. Shitcoins have no value, have nothing backing them. I was on a democrat forum and read a post by a liberal. This liberal said, the altcoins are worthless and backed by nothing. She said bitcoin is different, it is backed by gold. I laughed so hard. shitcoins are hype. Saying "I have a usb flash drive with a few shitcoins (including bitcoin) written on a few microns backed by not even nothing" would you rather have that or this pirate chest if it were real gold and silver coins:

https://www.youtube.com/watch?v=phWGcOOEPZY

The shitcoin Bitcoin is 100% hype, manipulation and the desire to not miss out on a ponzi scheme. The goal of the elites is to replace FRNs with a worse ponzi scheme than FRNs. FRNs were about replacing gold as money with worthless paper FRNs as money. Shitcoins are about replacing gold itself as treasure and wealth and replacing it with worthless shitcoins.

When you know the agenda, gold and silver have a hard road ahead, and that is why I label those that would be ok with bitcoin as money, yet demand silver for industry or quick profit ETFs as zombies. It is not going to last as the top deflationary form of money with hyperdeflationary bitcoin. Gold is money and those crashing the comex are friends of goldbugs and silverbugs. Industry is helping, though it is not the solution and endgame. We need to spread the word on gold and silver as wealth, treasure and money, the best store of value.

[C.Martel]

These victories are great, though I want victories to continue to 10, 20, 30 years from now, with gold and silver to back national currencies and a return to gold as money.

[C.Martel]

Remember the rise of rhodium back in the day. It was not rising because investors crashed the comex in a move to make rhodium currency. It was industrial and jewelry demand.

With demand for silver for industry and jewelry, the banksters could have silver at 5 dollars and watch the comex paper crash or could have it in the hundreds to preserve the system. The rise on Friday was self preservation of the paper manipulation on the comex.

[C.Martel]

The problem with silver rockets is a huge amount of silver goes into industry. Too high prices of silver and most won't buy expensive solar panels that are not economical as they were. Silver EV batteries, too expensive and priced out with 1000 dollar silver. So the bankers have gone from shorters of silver to telling industry, how about 70 dollar silver, is that too expensive for you. 80 dollar silver. How about 90, 100, 200, 300 dollar silver, is industry going to demand much less. So Banksters are trying to destroy industrial demand with higher prices of silver. To only have silver go to industries that need it and can be functioning with 100 or 200 dollar silver.

Called it.

https://www.youtube.com/watch?v=dPUlewR_UL0

It means silver has perhaps a floor for industrial demand at $50-70, so long as there are shortages and so long as solar manufacturers buy silver at 50-70 again.

Silver can go much higher into the triple digits. Though as I said, no major buyers are trying to crash the comex or make gold and silver into money. So some industries have ceiling prices that are too high for their products.

If we were having shortages with massive retail buying leading the demand, then bankers have much to worry. Industrial demand, jewelry are the leaders. These want low silver prices. Investors and retail stackers are not the leaders in the silver shortages.

trump going to bitcoin as money could be bad for silver depending on situations. So a dollar collapse would not be good, initially silver would go up. Long term, silver is inflationary vs bitcoin. Maybe bitcoin trillionaires would fight over silver or industrial demand would help. So variables would be interesting. Rafi Farber and others are saying when to sell. If gold and silver were to be money again, then you would not sell as silver and gold would be monetized and rockets permanently. There is no more demand from the populists for gold is money, instead they want the trans kids to be out of the ladies bathrooms, that is the new populism. 500 years of Anglo-Zionist empire expansion and the populists believe the way to defeat the banksters is by getting trans kids out of women's bathrooms. lol. No free silver. No living in the old west with total freedom. trans kids are the enemy of the fake billionaire populists and only by defeating them, can the globohomo agenda be defeated to turn my guns gay.

While it is going to be Q2 2026 when several solar factories go to perhaps copper, the shortages are still here and troubling the banksters.

[C.Martel]

It depends on when industry switches to copper or other metals than silver for production (and demand that is causing severe shortages) that is going to determine if shortages continue.

[C.Martel]

This zombie market could go higher from the pre-bitcoin months chaos such as the 6ig 6eautiful 6ill.

Gregory Manarino say the cosplay government wants to tokenize the economy.

To get ready to impose a global digital currency.

The crypto reserve is the preparation to that.

https://www.youtube.com/watch?v=uVygV68b6SQ

[C.Martel]

The entire geopolitics of 2025-26 from trade war to threats on Greenland are testing loyalty of foreign states to accept the US going to a bitcoin/crypto economy.

If states do not submit to trumpstein, it is harder the criminals on wall street to do their final solution for money.

"Your crypto is not real crypto, my crypto is real crypto. Your crypto is worthless, the crypto I bought is the genuine non-ponzi scheme crypto because I want the general population to invest in the crypto I bought. Your's is worthless crypto."

"My US digital coins and your foreign digital coins have different values because I say so"