This wave of silver Lof arbitrage is amazing. With several accounts together, in the past half month, one account can earn almost 1000 yuan.

This round of silver has surged, and the essence is not that industrial demand suddenly exploded, but rather a futures squeeze.

The global silver production is 27,000 tons per year, with 23,000 tons for industrial use; the raw materials are not scarce at all.

What is truly scarce is the physical silver that can be delivered.

COMEX physical inventory is only 14,000 tons, London has less than 4,000 tons, and China has 715 tons, but the futures market has sold far more short positions than these inventories.

When the bulls start wanting "goods" instead of "money," the bears cannot deliver and can only buy back at high prices, triggering a short squeeze and causing prices to break through directly.

Gold is not this crazy; it's not a different logic but a different scale.

Gold is $30 trillion, silver is $3 trillion, platinum is $800 billion, and palladium is $200 billion.

As long as a few hundred billion dollars come out of U.S. Treasuries looking for a "hard anchor," the part of gold that cannot hold will be enough to push silver and platinum group metals, which are small varieties, out of control.

So this is not an ordinary commodity bull market,

but rather global capital buying insurance for the U.S. dollar and U.S. Treasuries.

The more unstable the dollar → the more people buy gold and silver

The more gold and silver rise → the less people trust the dollar

Until the shorts are completely cleaned out, only then will a round of long liquidation occur, ending this madness.
#加密市场观察