๐จ THIS IS NOT NORMAL ๐จ
Two signals hit at the same time, and together they tell a clear story.
First, the U.S. Mint has suspended sales of silver numismatic products. Official reason: prices are moving too fast to keep products accurately priced.
The Mint deals with physical metal, not paper. When sales pause, it usually means demand is running ahead of supply and pricing systems are under strain.
Second, the response on the futures side went the opposite way. As silver pushes toward extreme levels, CME introduced new 100-ounce paper silver futures.
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Instead of more metal, the market is getting more contracts. That adds synthetic supply while physical availability keeps tightening, especially in Asia where premiums are already far above spot.
Put together, this looks like a classic divergence. Physical markets are signaling stress and scarcity. Paper markets are signaling delay through more instruments and more IOUs.
This is not a top signal.
It looks like a supply stress signal.
