🚨 The silver vaults in Shanghai Gold Exchange (SGE) falling below 500 metric tons!
The fresh numbers from SGE today shows their vault falling 11 metric tons last week, down to a record-low of 494 metric tons.
I believe they do everything they can to increase the amount of silver in the vaults, but that they have huge challenges to keep up with demand.
The record low levels + high demand, and the high premium over the LBMA benchmark price, proves that there is still a hot market for physical silver in China.
What we saw on Friday was a 25% paper-slam of the silver price. Those who claim the demand for physical silver has cooled off are simply liars / market manipulators. $XAG
🚨 Warning: Big Market Move Coming • Gold and silver are being manipulated. Most people will lose money. • The recent price swings are not normal — they happen when markets are unstable and manipulation is happening. • Forced selling is happening now: margin calls, rapid position closing, disappearing collateral. • This usually comes before a big price rise. • The FED and banks are stuck: • Cut rates → gold goes up, dollar down • Stay tight → stocks, housing, credit suffer • Either way, something will break, no soft landing. • Safe assets are swinging violently — markets are warning of a major shift.
📌 Message: Be careful. Most people won’t see this coming. $XAU
Silver: • In Shanghai (#SGE), silver traded at 22,400 RMB per kilo (~$100.49 per ounce). • The world price (spot price) is $85.47 per ounce. • Silver in Shanghai is $15 higher than the world price, a premium of 17.6%.
Gold: • In Shanghai (#SGE), gold traded at 1,125 RMB per gram (~$5,046.75 per ounce). • The world price (spot price) is $5,004.43 per ounce. • Gold in Shanghai is $42 higher than the world price, a premium of 0.8%.
✅ Meaning: • Silver is much more expensive in Shanghai than the world price. • Gold is slightly more expensive there. $XAU $XAG
🪙 GOLD Gold moved above 4,900 and stayed there. Now it is testing the next big, important level at 5,100. This level matters because gold needs to pass it if prices are going to try for new all-time highs soon.
If gold cannot stay above this area, the price may move sideways for a while. There is also a risk it could fall back down toward the main trendline.
🥈 SILVER Silver needs to break above 90 to get back into its upward trend. If it fails to break 90, a longer pullback could happen, and prices might retest recent lows.
If silver breaks and holds above 90, the next target to watch is 103.
⏳ Outlook The next few days are very important, as they will likely decide the next big move for both gold and silver. $XAU $XAG
Around 2 million ounces of silver were taken out of COMEX vaults on Monday. • Silver was taken out from Asahi, Brinks, HSBC, JP Morgan, Loomis, and Stonex • A small amount was added to CNT and MTB, but it was not important
🚨 Registered silver dropped by about 947,000 ounces New total: 103.07 million ounces
🚨 Total COMEX silver dropped by about 1.84 million ounces New total: 403.86 million ounces
Silver prices in Western markets are now $0.30 higher for nearby delivery than for later delivery. This gap is getting bigger. The big paper sell-off did not change anything in the real, physical silver market. $XAU $XAG
Gold has gone above $5,000 again. The recent drop has stopped for now, and prices are going up today. Keep a close eye on the ADP data, because it can affect the market.
🏦 COMEX Silver Report On Monday, 251 silver delivery notices were made. This means 251 contracts for real silver were asked to be delivered. JP Morgan was involved in most of them: • They gave out 243 notices • They received (stopped) 137 notices So JP Morgan was very active. 🚨 February total so far So far in February, there have been: • 2,765 silver contracts • That equals 13.8 million ounces of silver And it’s only 3 days into the month — so $XAU $XAG
Just in: In the last 4 hours, more than $469 million was lost when traders who bet on crypto prices going up were forced to close their positions. $BTC
Michael Saylor is now slightly in the red on Bitcoin. Bitcoin’s price is about 1.5% lower than what he paid on average. After buying $54.6 billion worth of Bitcoin over 5 years, his holdings are currently worth about $750 million less than what he spent. $BTC $XAG $XAU