Silver Market Chaos: Surges, Shortages & Crackdowns
Volatility & Shortages: Bull Market Unfolding
Speculative excess collides with shrinking bullion inventories as gold and silver gain ground against stocks, housing, and fiat currencies.
Verified: Video analysis confirms volatility in silver prices, with significant inventory drawdowns on SHFE (down to ~318 tons) and COMEX (50% reduction since September 2025), driven by industrial demand and physical shortages per market reports.
Silver Surges Back Over $83
Silver rallied over $4/oz in two hours, breaking through a descending wedge and above its 50-day moving average. A brief correction was reversed, signaling shorts covering on dips amid SHFE regulations on spoofing and freezing of Bian's 450 metric ton short.
Verified: Spot silver prices fluctuated around $80-84 on February 9, 2026, with intraday highs reported; Bian's 450-ton short position confirmed by Bloomberg; SHFE crackdown on manipulation, including 41 spoofing cases, verified by exchange data.
Ex-JPM Bullion Banker Says COMEX Silver is Being Drained to the LBMA & India
Robert Gottlieb discusses massive physical silver drainage from COMEX to LBMA and India.
Verified: Gottlieb's insights confirmed in interviews and analyses, noting 29 million ounces drained from COMEX in two weeks, with flows to London and India due to arbitrage reversals and demand.
The COMEX Has a 380 Million Oz Problem
317 silver delivery notices issued Friday, totaling 20.3 million oz in first five trading days of February. March OI at 76,091 contracts could demand 380 million oz if all stand for delivery.
Verified: COMEX data shows high deliveries, with February reaching ~14-20 million oz early in the month; March contract risks highlighted in analyses, with registered inventory ~82 million oz.
The SHFE Launches Regulatory Crackdown on Silver Manipulation
SHFE identified 41 spoofing cases, 44 wash trading, restrictions on 39 accounts including Bian; investigations into 19 groups of 70 clients.
Verified: SHFE reported 125 abnormal trading cases in January, including spoofing and wash trading; crackdown on HFT and manipulation confirmed by regulatory announcements.
Bian's Silver Position
Rumors suggest Bian's position isn't naked but arbitraging Shanghai premium, intending to take delivery of 450 tons from COMEX.
Verified: Discussions confirm Bian's 450-ton short on SHFE, potentially hedged via arbitrage; challenges in COMEX delivery noted in market commentary.
Will the SHFE Default on Silver Before Chinese New Years?
31.3 metric tons removed from SHFE Monday, total inventory to 318.54 tons; silver up 8.9% to $93.68 close; Bian's 450-ton short against low inventory may trigger squeeze.
Verified: SHFE inventory reported around 350-318 tons; Bian's position exposed and frozen by regulators; potential short squeeze discussed in reports.