BREAKING NEWS - SILVER PRICE SOARS & COMEX TRIES TO CRUSH IT LOWER?

Key Concepts

• Silver Price Surge: Silver reaching an all-time high.
• COMEX Trading Halt: The Commodities Exchange (COMEX) shutting down silver trading for several hours.
• "Cooling Issue" Explanation: The official reason provided by COMEX for the trading halt.
• Market Manipulation Allegations: Suspicion that the trading halt was a deliberate attempt to control silver prices.
• Gold-Silver Ratio: The ratio of gold prices to silver prices, indicating relative performance.
• Short Attack: A coordinated effort to drive down the price of an asset by selling large quantities.
• Thin Trading Volume: Low trading activity, often occurring during holidays, which can amplify price movements.
• Silver Deficit: A situation where the demand for silver exceeds its supply.
• Technological Demand for Silver: The increasing use of silver in various modern technologies.

Silver Price Reaches Historic High Amidst COMEX Trading Halt

The video discusses a significant surge in the price of silver, reaching a new all-time high of $55.64 per ounce. This represents a substantial increase of over $2, or more than 4%, in a single day. In contrast, gold is trading at $4,212 per ounce, up $42 or approximately 1%. The rapid ascent of silver is causing the gold-silver ratio to drop to 75, indicating that silver is outperforming gold.

COMEX Trading Halt and Allegations of Manipulation

The most significant news highlighted is the unexpected shutdown of trading on the COMEX for several hours the previous night. The official explanation provided by the CME Group was a "cooling issue at Cyrus 1 data centers." However, the video strongly suggests this is a fabricated excuse to manipulate the market.

Evidence and Arguments Against the Official Explanation:

• Timing: The halt occurred as silver was experiencing a breakout and approaching all-time highs, during a period of thin trading volume (after hours on a holiday).
• Lack of Corroboration: Other customers of the Cyrus 1 data centers were reportedly not experiencing similar issues.
• Redundant Systems: The Aurora, Illinois data center, where CME operates, is described as having state-of-the-art redundant cooling systems (N+2 per data hall), designed to withstand simultaneous component failures. The claim that all cooling components failed simultaneously is deemed highly improbable.
• Expert Opinions: IT professionals and cloud backend engineers have publicly stated that a system outage of this duration (over an hour) at such a high-level facility is "complete BS" and "total bollocks."
• Suspicious Motives: Critics suggest the halt was orchestrated to allow large banks with significant short positions in silver to exit or manage their positions before the price surged further, potentially preventing a much larger price increase. This is referred to as a "short attack" and "cooling gate."

Key Statements:

• "We are going to get into that, but first let's look at the numbers. Silver is up huge today. $5564 an ounce. Silver's never been to 55 before. We are seeing that now."
• "My buddy International Stacker got a screenshot of the banner above the CME Group website, and the banner is now gone, but he did share this with us. Comx shut down trading as silver was breaking out last night. Look at the excuse in the picture below from their website. What a joke. Beware. An organized short attack today to shut the market down. Is this a Black Friday for the bankers?"
• International Stacker's reply: "No one believes you. Silver making run at all-time highs in after hours when books were thin. And your best excuse to halt the markets is a cooling issue at Cyrus 1 that no other customer is experiencing. The same place that has state-of-the-art redundant cooling systems. Let me guess, the data center claim will be magically fixed once all the big bankers are ready with massive shorts and a massive selling campaign. It's time for an investigation into your criminal activity and all the big banks who are in conspiracy with you."
• Senior MS Azure cloud backend engineer: "I confirm that story is total bollocks."

Potential Consequences of the Trading Halt

The video speculates that if trading had not been halted, silver could have potentially risen significantly higher, possibly into the $60 range. The halt is seen as an intervention to prevent an uncontrolled price surge, potentially protecting large financial institutions from substantial losses on their short silver positions.

Underlying Factors Driving Silver Prices

Beyond the alleged manipulation, the video points to fundamental factors driving the silver price:

• Silver Deficit: There is a recognized deficit in the global silver market, meaning demand is outstripping supply.
• Draining of COMEX and LBMA Inventories: Significant amounts of silver are being withdrawn from COMEX and London Bullion Market Association (LBMA) vaults.
• Increasing Technological Demand: Silver is a critical component in numerous expanding technologies, contributing to its growing demand.

Data and Statistics:

• Silver price: $55.64 per ounce (at the time of filming).
• Gold price: $4,212 per ounce (at the time of filming).
• Gold-silver ratio: 75.
• Silver futures: Around $56 per ounce.

Real-World Applications and Investment Considerations

The video mentions the release of the first-ever 5-ounce silver maple leaf coin from the Royal Canadian Mint as a historic release. It also promotes Stacker Vault for silver storage, highlighting a Black Friday sale with 10% off and free shipping on three or more items for continental US customers. This is presented as a way to protect silver from tarnishing and environmental damage.

The speaker expresses a bullish outlook on silver, believing it will continue to rise due to the fundamental supply deficit and increasing technological demand. The current period is described as "historic" for precious metals.

Conclusion and Future Outlook

The video concludes by posing questions to the audience about their belief in the "cooling gate" explanation and their predictions for silver's future price. The overarching sentiment is that silver is poised for further gains, driven by both market dynamics and fundamental supply-demand issues, despite potential attempts at price manipulation. The speaker believes "the future is definitely bright for precious metals."