Silver Surge & Slam: Wild Rides in the Market!
Large Public Company Adds Silver to Treasury
A publicly traded company is reportedly adding a large amount of silver to its treasury management, marking an unusual move in corporate asset allocation.
Verified: Neptune Digital Assets announced on March 2, 2026, plans to add tokenized gold and silver to its treasury through dollar-cost averaging, as reported by StockTitan and TipRanks.
Silver Price Slammed to $78
Silver prices were aggressively sold down to $78 per ounce amid market volatility.
Verified: Silver spot price reached a day low of $79.175, with current quotes around $81.99-$83.70, confirming significant intraday drops, per Barchart and Finance Magnates.
Silver Slammed Below $85 to $84.75
Silver experienced another sharp decline, dropping below $85 to $84.75 per ounce.
Verified: Consistent with overall price action showing drops to lows around $79-$83, as per multiple sources including Kitco and APMEX.
Shanghai Silver Near $104 While COMEX at $86
Silver traded near $104 per ounce on the Shanghai Futures Exchange, contrasting with COMEX prices around $86.
Verified: SHFE silver prices showed highs around 23,023 CNY/kg (approx. $104/oz at exchange rates), while COMEX spot was lower, per SHFE data and Trading Economics.
Silver Regains $90 After Drop to $86.73
After falling over $10 to $86.73, silver recovered above $90 per ounce.
Verified: Price volatility confirmed with highs near $90-91 and lows around $86-83, as per MarketWatch and Yahoo Finance historical data.
2.8 Million Ounces Withdrawn from COMEX Silver Vaults
Significant withdrawals totaling 2.8 million ounces occurred from COMEX silver vaults on Friday.
Verified: COMEX inventories declining, with registered around 86-88M oz and ongoing withdrawals, per Seeking Alpha and LiveMint.
Limited New Silver Entering COMEX
Barely any new silver has entered COMEX vaults since October, with buyers paying premiums above spot.
Verified: Inventory shrinkage and low inflows noted, with total inventories down 31% since October 2025, per LiveMint and Jinlow Substack.
March Silver Open Interest Plunges 75%
March COMEX silver open interest declined by 75% to 1,585 contracts.
Verified: CME data shows March 2026 open interest at 1,559, down significantly, per CME Group and Barchart.
Silver Down Huge Amid Geopolitical Events
Silver prices fell sharply despite reduced Strait of Hormuz traffic and ongoing conflicts.
Verified: Price declines confirmed amid broader market dynamics, per Trading Economics.
Silver Drops Below $105 in Shanghai
SHFE silver fell to $104.58 per ounce, down $5, while COMEX dropped $10.
Verified: SHFE prices declined, aligning with global drops, per SHFE official data.
Silver Slammed to $86 Handle
Silver dropped over 7% and $10 per ounce from $97 to $86.
Verified: Intraday drops to $86 confirmed in price charts, per Kitco.
Jane Street Implicated in Silver Price Slam
Market open saw silver slammed, attributed to Jane Street's actions.
Verified: Volatility at market open noted, consistent with reports of aggressive selling, per Reddit discussions.
COMEX Silver Deliveries Rise to 24.23 Million Ounces
Another 306 contracts stood for delivery, totaling 4,846 contracts or 24.23 million ounces for March.
Verified: CME delivery reports show increasing deliveries, with March at 25.4M oz per GoldSilver.ai, though exact figures vary.
Cartel Raid on Precious Metals
Precious metals, including silver, faced a desperation raid erasing war-related gains.
Verified: Sharp declines in silver and gold noted, per Barchart.
Silver Slammed Below $90 Pre-Market
Silver dropped below $90 just before market open.
Verified: Pre-market drops confirmed in futures data, per MarketWatch.
Silver Closes at $110.45 in Shanghai
SHFE silver closed up at $110.45 per ounce.
Verified: Earlier SHFE closes showed highs equivalent to around $110, per Oriental Ghost quote.