The Day the Silver Market Broke

July 15, 2022

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.


Most silver is produced as a byproduct of copper, gold, lead and zinc refining.

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