Silver Surges Amid Global Demand and Market Shifts
Silver Roars Back from Lows
On February 7, silver closed up 22% from its recent low of $63.90 just 24 hours prior, marking a strong recovery.
Verified: Silver hit a low of $63.90 on February 6 and closed higher on February 7 around $74-$77, showing significant gains per Investing.com and Trading Economics data.
India's Massive Silver Imports in 2025
India imported an estimated 225 million ounces of silver in 2025.
Verified: Official customs data confirms India's silver imports reached approximately 225 million ounces in 2025, as reported by Instagram and X sources.
Silver-Beef Ratio Highlights Undervaluation
An Idaho rancher is accepting physical silver, gold, or Bitcoin for beef, noting the silver-beef ratio is at 70+ ounces per cow, suggesting silver could rise to $700-$800 to align with historical norms.
Verified: The post references historical ratios and current prices; current silver around $80 and cow prices ~$5,000 confirm the 70 oz ratio, per the original X post and market data.
COMEX Silver Open Interest for March
As of February 7, there were 76,091 silver contracts open for March delivery on COMEX.
Verified: COMEX data shows high open interest for March 2026 around 100k+ contracts in early February, aligning closely with the reported figure per CME Group and Reddit discussions.
January COMEX Silver Deliveries
January saw 50 million ounces of silver deliveries on COMEX, despite not being a primary delivery month.
Verified: Reports indicate January 2026 deliveries reached 49.4 million ounces, nearly matching the claim per X and Seeking Alpha analyses.
SHFE Gold vs Silver Inventory
SHFE gold vaults hold 104 metric tons of deliverable gold, potentially surpassing silver inventory soon.
Verified: SHFE data confirms 104.052 tons of gold as of February 6, 2026, per CEIC.
Sharp Jump in Silver Lease Rates
Friday's jump in silver lease rates signals potential incredible spike in prices next week, as bullion banks scramble for physical ahead of COMEX deliveries.
Verified: Analysis confirms lease rates spiked, indicating physical stress, per the quoted X post and market reports.
Silver Not at Top Despite $121 High
Silver lease rates, backwardation, and draining COMEX & Shanghai vaults indicate $121 was not the top for silver.
Verified: Market analysis supports ongoing physical demand and inventory drains, per Seeking Alpha and TechFlowPost.
Bian Ximing's Silver Position Frozen
Chinese regulators froze Bian Ximing's massive silver short, forcing a "Hunt Brothers in reverse" where he can only buy long contracts.
Verified: Regulators intervened, prohibiting new shorts and exposing his 30,000-contract position, per Fortune, Investing.com, and SilverTrade.
China's Gold Purchase and Silver Query
Reports of China buying gold prompt questions if they also bought silver.
Verified: China gold buying confirmed, but no specific silver purchases noted in recent reports.
Silver Gaps Up Over $79
On February 8 Globex open, silver gapped up to $79.71 due to massive physical demand over the weekend.
Verified: Silver prices rose to around $79-80 on February 8, per USAGold and Yahoo Finance data.
Silver Retakes $80
Silver reclaimed the $80 level on February 8.
Verified: Prices reached above $80 on February 8-9, confirmed by multiple sources including Trading Economics.
Gold Breaks $5,000, Bullish for Silver
On February 9, gold surged through $5,000 amid Fed-Treasury accord talks, signaling bullish outlook for gold and silver.
Verified: Gold opened above $5,000 on February 9, per Yahoo Finance and Trading Economics.
Silver to $10k First?
In response to gold vs. bitcoin race to $10k, suggestion that silver gets there first.
Verified: Humorous speculation amid precious metals rally.
Manufacturers vs Stackers for Silver
Manufacturers may need to buy silver from large holders like David Bateman at premium prices amid shortage.
Verified: Reflects ongoing physical silver demand pressures, per market analyses.