Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / Silver Shock: COMEX Inventories Hit Critical Lows 📉 #shorts
Transcript
- 0:00Everybody it's Ron from Rons basement live on the Lord Flume
- 0:04with Lily. Lily, say hi.
- 0:10Focus first on the US silver market.
- 0:13Over the past six months, registered registered silver
- 0:17stocks, the ones available for delivery in New York bolts for
- 0:21the CME. The COMEX silver futures market
- 0:24have been in blue, declining at a rate of 20 million oz per
- 0:30month and now stand at 88 million oz.
- 0:34It's even lower than that now. Note that the 20 million oz a
- 0:38month of all draw draw down over six months represents the pace
- 0:43of net silver withdrawals. That's the deposits less the
- 0:47withdrawals from this vault category that is not relented
- 0:51due to the increasing global shortage of physical silver.
- 0:55Over the past four days, registered vault stocks of
- 0:58silver have seen 5694 March 2026 futures contracts almost 30
- 1:05million oz stand for delivery with a 1900 contracts for
- 1:099,000,000 ounces silver still open for this month.
- 1:14And then they talk about the shenanigans the available silver
- 1:17The COMEX is getting to rock bottom lows.
- 1:20OK, remember that on February 25th the the COMEX shut down due
- 1:26to a technical glitch. For 1.5 hours after trading was
- 1:31reopened, it was announced that 31,800 contracts, 160 million oz
- 1:37were cleared. Magically, while the market was
- 1:40quote UN quote suspended or in glitch mode.
- 1:43We know as basement dwellers what really caused the COMEX
- 1:47data center to go down was it was overrun by a herd of bowls,
- 1:51silver bowls.