Well that explains more about India competing with London for silver other than their wedding seasons. Now the Arabs bought silver for industrial purposes. Europe apparently doesn’t have anything China needs so had to trade with silver.

This supply shortage isn’t getting better but looks like it’s just getting started.

More trouble in Europe..

+9

Yes, the physical silver market in London experienced a severe liquidity squeeze in October 2025, meaning the amount of readily available “free float” silver was critically low. This was driven by a long-term global silver deficit, a surge in demand from both industrial and investment sources, and a recent outflow of metal to the U.S. due to tariff fears. While large inflows of silver from the U.S. and China have since helped to ease the immediate crisis, the underlying structural deficit remains.

Causes of the silver shortage

• Long-term supply deficit:

  Global demand for silver has outstripped supply for several years, leading to a total shortfall of hundreds of millions of ounces.
• ETF holdings:

  A large portion of the silver in London’s vaults is held by exchange-traded funds (ETFs) and is not available to the physical market, significantly reducing the “free float”.
• Recent outflows:

  Before the squeeze, many traders moved silver out of London to U.S. vaults in anticipation of potential tariffs.
• Increased demand:

  A recent surge in demand from India, coupled with investment buying, hit the market when the physical supply was already low.

Impact of the shortage

• Historic price surge:

  The shortage and subsequent scramble for metal caused the price of silver in London to spike dramatically, temporarily trading at a significant premium to U.S. prices.
• Market stress:

  Traders described the market as “all but broken,” with banks struggling to quote prices due to a lack of available physical metal for lease or delivery.
• Reversal of flows:

  The high premium in London made it profitable to ship silver from the U.S. and China to London, and significant inflows have since occurred, easing the immediate tightness.

Current situation

• Liquidity improved:

  The large inflows of physical silver have alleviated the immediate, acute shortage and the market has stabilized from its panic state.
• Underlying issue persists:

  Despite the recent improvement, the long-term supply deficit remains, and the structural problem of a low “free float” in London has not been resolved.

Other problems. India is competing with London for silver and silver is allocated to ETFs not selling.

Consultancy Metals Focus estimates that 83% of silver held in London vaults had been allocated to ETFs as of end-September.

About 697 tons of silver has left Comex warehouses in the U.S. since stocks there hit a record high of 16,543 tons (531.9 million troy ounces) on October 3.

Comex inventories surged earlier this year due to uncertainty over U.S. import tariffs. Further appetite for U.S. stocks outflows depends on the results of a U.S. probe into potential import tariffs on critical minerals, which the market expects this month.

General Flynn Calls For National Address From Trump On Color Revolution Threat

Whether it’s the protest-industrial complex run by left-wing activist groups and bankrolled by unhinged progressive billionaires’ dark money NGO networks, nonstop leftist corporate media campaigns designed to delegitimize Trump and sway sentiment polls, judicial warfare waged by radicalized judges, constant orchestrated scandals and leaks, the involvement of foreign-aligned NGOs, student-driven pressure movements, or even the weaponization of far-left militant groups – all of these elements function as interconnected spokes in a much larger color-revolution wheel – a regime change operation orchestrated by leftist billionaire kings and Democrats.

The latest example – the scripted “Seditious Six” video urging the military to “refuse illegal orders” without specifying any – fits textbook color-revolution pressure messaging.

It reads as if the script were lifted straight from a CIA playbook for overseas regime change operations, using pressure campaigns so obvious now that even the average American can recognize what’s going on:

1. delegitimization campaign against Trump;
2. framing normal authority as “illegitimate”;
3. attempting to mobilize military disobedience; 
4. attempt to trigger defection in the military and intelligence world. 

Recall that riots in Los Angeles earlier this year were manufactured by leftist groups that were a form of pressure campaign to sow chaos against the administration to sway sentiment polls – yet that backfired.

New York Times bestselling author Peter Schweizer, along with his lead researcher Seamus Bruner, Jennica Pounds (known as “DataRepublican”), and others such as Mike Benz, have been moving the needle with their observations and bombshell findings on how the dark-money NGO ecosystem operates to conduct color revolution operations not only abroad but increasingly inside the U.S. since Trump’s 2016 election.

The search term “color revolution” has risen to the highest levels since the Marxist BLM riots in 2020.

The constant pressure campaign is worsening – from riots in Los Angeles to Antifa attacks on ICE and Border Patrol. The latest example, the scripted “Seditious Six” video urging the military to “refuse illegal orders,” shows the Left growing more desperate as it finds its back against the wall with funding networks being cut.

A big-picture view of the Left’s color revolution operation comes from retired Lt. Gen. Michael Flynn, who described it on the Alex Jones Show. Flynn urged the Trump administration to immediately address the nation to expose this plot and outline countermeasures (reform the NGO world).

Key Points from Flynn’s Remarks:

• Seditious Conspiracy and Military Incitement: Flynn accuses the “Seditious Six” of releasing a scripted video encouraging U.S. military personnel to disobey lawful orders from Trump if they deem them unethical, calling it “textbook sedition” under federal law (18 U.S.C. § 2387). He highlights Rep. Elissa Slotkin (a former CIA officer) as a key figure, suggesting the group is part of a larger, pre-planned operation involving NGOs, the State Department, and intelligence agencies. Flynn questions who authored their “script” and demands investigations into potential mutiny incitement.
• History of Lawfare and Deep State Operations: Flynn recounts a timeline of “illegal investigations and lawfare” against Trump since his 2016 victory, including the Russia hoax, impeachments, and recent probes. He frames this as “unrestricted warfare” by the deep state operatives, designed to create chaos and shield figures like Obama from accountability. He warns that opponents “will not roll over” and will escalate with new plans.
• Flynn emphasizes that Trump must publicly confront this “seditious conspiracy” to rally supporters, protect National Guard troops, and prevent violence. He stresses transparency to counter the “double standard” in the justice system and warns of risks if Republicans in Congress delay cabinet confirmations or fail to act decisively.

Revelations about left-wing NGOs and activist groups, color-revolution tactics aimed at Trump, riots, and the broader chaos emanating from the Democratic Party, only show the party has no real economic agenda beyond socialism with a sprinkle of toxic Marxism – all point to one core objective: regime change and the destruction of the America First movement.

“People need to understand that if this operation succeeds, things will move quickly – Trump would be removed from the scene almost immediately. Elite defection isn’t an early warning sign of an overthrow; it’s the final stage before one,” DataRepublican told us, adding, “This is why the ‘Seditious Six’ must face the most severe penalties the law allows.”

Zerohedge

I reckon they tried to smash silver to stop it talking out the all time Hi and closing on a new Monthly all time Hi and thus negating the Hammer tops they created last month.

If it does negate this fast, then this thing is truly awesome…..it could go way up.

The big news in Silver is the Indians allowing it to be used as Collateral for loans……You can buy yr wife a nice new necklace and then borrow 85 % of the value back from the bank, to fund yr business etc…..she can’t wear it,,,but pay off the loan and she gets it back….

India was one of the biggest exporters, it started importing last year I think, which in itself, was huge, but now they will be importing loads more , especially if it keeps going up…..

Decoding the True Stage of the Gold Bull Market By Minding The Allocation Gap

“Gold is in the final stages of its bull market.” It’s a sentiment echoed in headlines and analyst reports, a cautious whisper that has grown into a confident chorus. After a stunning run that has seen gold more than double from under $1,700 to over $4,000 in roughly two years, the consensus is building: the top is near.

But what if the consensus is profoundly wrong? What if, instead of the final innings, we are just hearing the opening notes of a symphony?

A single chart suggests the narrative of an exhausted bull run couldn’t be further from the truth. The data indicates that this gold bull market isn’t maturing; it’s just waking up.

The fundamentals that ignited this rally are not only intact but intensifying, and the one metric that truly matters; investor allocation, shows that the world is still massively underinvested in gold.

This widespread skepticism is, paradoxically, one of the most bullish indicators for gold. True secular bull markets are born in pessimism, grow in skepticism, mature in optimism, and die in euphoria.

The cacophony of cautious voices and premature calls for a top are not signs of a market peak; they are the classic sounds of a “wall of worry” that every great bull market must climb.

The time to be fearful is when your taxi driver is giving you stock tips and gold is on the cover of every magazine. We are nowhere near that point.

The current sentiment is one of disbelief, not delusion, which is fertile ground for a continued, powerful ascent.

The Allocation Gap: The Single Most Important Chart in Gold

The chart above is perhaps the most compelling piece of evidence for a multi-year gold bull market. It shows the implied allocation to gold ETFs as a percentage of all ETF assets.

During the peak of the last major gold bull market in 2011, this allocation surged to over 8%. Today, after a historic price run, where does that allocation stand? Less than a mere 2% and still not yet even to the level seen in 2006-2008 before the great financial crisis. There is still a long way to go before this gets to be called a “bull market top.”

Let that sink in. At the height of the last cycle, for every $100 invested in ETFs, over $8 was in gold. Today, that figure is not quite $2, or less than 25% of what was allocated at the peak in 2011.

This isn’t the behavior of a market in its final, euphoric stages. This is the behavior of a market in the early phase of discovery, one where the vast majority of investors and institutions are still sitting on the sidelines, holding little to no gold.

As the bull market continues to assert itself, a simple reversion to the mean; let alone a push to new allocation highs, would unleash a torrent of capital into a relatively small market, with explosive consequences for the price.

This data reveals a tale of two buyers. The so-called “smart money;” sovereign wealth funds and central banks, primarily in the East, are accumulating physical gold at a record pace.

Meanwhile, the Western retail and institutional investor remains conspicuously absent, their portfolios still heavily skewed towards traditional stocks and bonds. This is the core of the opportunity.

The party has started, but the majority of the guests have yet to arrive. When they do, they will find a limited supply of chairs, and the price of admission will be significantly higher.

Ya … and they raided the futures overnight in an attempt to take advantage of light Black Friday holiday volumes.

And it backfired in their collective face in spectacular fashion … right back to critical resistance levels for both gold and silver.

If you were ever looking for a strong buy signal … this is it … especially with such low Comex inventory levels.

Metals Daily Exchange Volume & Open Interest – CME Group

So I wonder if it’s possible to spike silver $5 in the other direction now.

That would be fun … no? (not for short bullion banks, fedsters, BIS, etc.)

Mornin all

I’m not sure what’s going on with China and London but..

Chinese silver inventories have dropped significantly following large shipments to London to ease a recent supply squeeze, creating market tightness. The silver market is currently in its fifth successive annual structural deficit, where demand outstrips supply.

Yes, it’s pretty wild

A Presidential Special
https://www.railpictures.net/photo/890174/

I don’t know if anyone’s watching the price of silver tonight but it got up to around 54.11 and they dropped $.50 in 60 seconds… Somebody’s gonna have a sleepless night and it’s not gonna be me..

If it’s in America it only happens if you let it happen. Facebook is run by a business that was taken over by the leftist in  government who realized msm was losing the propaganda scheme not born or paid for by the posters and non.profit.  What’s that guy’s name on gold Eagle. He must be laughing now. Where was he from?

Happy Thanksgiving Americanos.

…each verse gets better.

anybody remember “zubazoom?”

Sergeant “I want three volunteers – you, you and you!”

Micron is saying that they will only be deployed on French soil. It’s surprising whereabouts in the world is “French” soil!

Re Ukraine…that as u say makes a lot of sense….I suspect it is part of a plan to educate people, towards reality…..

Meanwhile Mad Micron has reintroduced conscription…but as volunteers !!!!

re site Tks ….

I have no idea, if it is or is not…..everything is US based …..But so is Face book and people get hit for Facebook posts……There is no standard, as far as I can tell…….

I have not said anything as I don’t want to draw attention to it…..but with what is happening it has become a worry.

As our readership is so small, we can fly under the radar, until life changes…..or hopefully so……on the surface this looks and is a US site….

From https://x.com/IuliiaMendel/status/1993712011818004884

“Ukrainians are being asked to die today for the mere idea that they might — just might — be protected in 20 or 30 years. That is the honest translation of what “standing for Ukraine’s NATO membership” actually means. Let me explain. For Russia, preventing Ukraine’s NATO membership is the most fundamental red line — the one true “principle” they are willing to fight and die for. The harder Ukraine pushes toward NATO, the longer and bloodier Russia’s aggression will continue. Even if a peace deal is signed tomorrow, the mere prospect of future NATO membership will remain Moscow’s justification for breaking the peace and attacking again. In other words, NATO membership as a goal directly fuels the war today and guarantees instability tomorrow. Yet NATO was created for one purpose: to protect and defend its members. Forcing a country to bleed for years just to earn the chance of that protection — while it is not yet a member and therefore not protected at all — turns the Alliance’s core logic upside down. Uncompromising stance on “NATO membership” means we are knowingly sacrificing tens or hundreds of thousands of lives right now for a theoretical promise of security sometime in the distant future… a promise that may never actually be kept, because the political will in key NATO capitals simply isn’t there and may never be. Try explaining that to a father who has just buried his wife and children. Try explaining it to the millions who have lost loved ones, homes, limbs, sanity — everything — in this meat grinder. Tell them their sacrifice is necessary so that, perhaps in 2045 or 2055, their grandchildren might live under Article 5. And here is the hardest truth of all: Ukraine is not blocked from NATO only because of Russian aggression. It is also blocked — and was blocked long before 2022 — by endemic corruption, half-finished reforms, and now by political capture of the economy, and serious deficiencies in democratic standards and rule of law. Our soldiers, our heroic defenders, are not to blame for any of that. Those are purely political failures at the very top. It is always easier to blame the abstract “West” that “betrayed us” or to point at one single external villain. But it is cruel — genuinely inhumane — to keep sending wave after wave of people into the fire for a goal that almost every honest expert knows is not realistically achievable in the next decade or two, if ever. We can love our country and honor our fallen without pretending that an unattainable geopolitical symbol is worth endless slaughter. Peace with security, even if imperfect, is not betrayal. Continuing a war for a mirage while calling any compromise “treason” — that is what risks betraying the very people who have already given everything.”

And for the warmongers insisting that Russia has no say in Ukraine’s membership, perhaps Russia should go ahead with its original plan of positioning missiles on Cuba.

I didn’t realise the site is now under British jurisdiction.

I call them like I see them, but my intention is NOT to get anyone in trouble, or to spread misinformation or disinformation. It is to expose the truth as I see it, and sometimes the truth…. or MY TRUTH…. does not agree with YOUR TRUTH….but we both should have the right to post OUR TRUTHS without censorship. All censorship does is attempt to hide the presented information from others by removing it, or  by calling the poster names like TROLL or CONSPIRACY NUT, (terms “coined” by our governments to silence us) or whatever demeaning term will discredit what was posted so others will not bother to read or give any thought to it.

A good closing thought is “When you find yourself in a hole…..QUIT DIGGING!”

Another one is “The road to hell is paved with good intentions.”

All The Best to Everyone, and when you can find the time, watch this: https://stewpeters.com/show/kirk-assassination-stinks-of-deep-state-deception/

SNG

Keep up the good work.

Happy Thanksgiving everyone.

It might be the time, or not far off.
I practiced some a couple of months back when they were both getting a little crazy.
🐵🐒🦧.

You finally got it to break that line – it took you long enough, but you never gave up!

NEM just sold their interest in that mine late last year. I guess they missed out in this discovery if it is recent. Seems to me what “might ” hold beside rare earths during consolidation is platinum Palladium as long as manufacturing cars still holds depending on management.