Скачать или смотреть ARBITRAGE COLLAPSE: The Math Error Draining Western Silver Vaults

Silver prices look calm — but underneath the surface, the mechanics that hold the market together are under growing stress.

In this report, we break down why silver vault inventories in the West continue to drain even when prices fail to rise, and how a breakdown in arbitrage, delivery incentives, and physical availability is distorting price discovery. This is not a story about hype, inflation headlines, or retail shortages. It’s about market plumbing — futures leverage, delivery math, and why paper silver can no longer enforce physical reality the way it once did.

We examine how COMEX and LBMA pricing works, why most silver contracts never result in delivery, and what happens when that assumption starts to fail. As exchange-for-physical settlements rise and physical silver moves outside traditional price-setting venues, the system quietly shifts from price discovery to allocation. When that happens, markets don’t explode — they ration.

This video connects real-world inventory data, delivery behavior, and historical commodity stress events to explain why silver’s price may be misleading, and what signals actually matter going forward. If you’re watching silver, gold, commodities, or macro markets, this is the layer you can’t afford to ignore.

Key data and research references used in this analysis:

CME Group COMEX Silver Stocks Reports (Registered vs Eligible Inventories)

CME Group Commitments of Traders (COT) Reports

LBMA Vault Holdings Data and Clearing Statistics

World Silver Survey (Silver Institute) – Mine supply and industrial demand data

CME Exchange-for-Physical (EFP) documentation and historical usage trends

Historical commodity market stress cases (LME Nickel 2022, precious metals delivery cycles)

Public exchange rulebooks and settlement procedures

All analysis is based on publicly available data, historical market structure, and observable delivery behavior.

Timestamps

00:00 – Silver Price Is the Wrong Signal
00:41 – Why Calm Prices Can Hide Market Stress
01:32 – The Inventory Drain Nobody Is Explaining
02:28 – Paper Silver vs Physical Silver Reality
03:35 – How Silver Arbitrage Is Supposed to Work
04:44 – Where the Delivery Math Breaks Down
05:56 – Registered vs Eligible Silver Explained
06:58 – Exchange-for-Physical and Quiet Rationing
08:03 – Why Global Demand Is Pulling Metal Away
09:12 – When Liquidity Breaks Before Price Moves
10:18 – What Can No Longer Happen in Silver Markets
11:18 – The Signal to Watch Next


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Disclaimer
This video uses an AI-generated avatar for presentation purposes. The information discussed is based on publicly available data, historical market structures, and referenced sources listed above, interpreted to the best of my knowledge. This content is for informational and educational purposes only and does not constitute financial advice.