The Day the Silver Market Broke

In this week’s Live from the Vault, Andrew Maguire inspects the fractures of COMEX’s price-setting mechanism, revealing the gaping divergence between the paper and physical silver markets.

The lifelong wholesaler looks closer at the unprecedented degree of gold and silver futures price backwardation, with the heavily oversold naked shorts bubble ready to burst.

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US silver mining began on a large scale with the discovery of the Comstock Lode in Nevada in 1858.

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