Скачать или смотреть The Silver Divergence: Why the Paper Market is Crashing While Physical Silver Hits $100

Something unprecedented is happening in the global silver market right now. Physical silver coins are selling for $103 per ounce in Dubai while the COMEX futures market quotes $69—a $34 price gap that signals the potential collapse of the entire paper silver system.
This isn’t a temporary glitch. It’s the fracturing of a financial structure that has controlled precious metals pricing for over half a century.
In This Documentary Investigation:
• The mechanics of the fractional reserve metals system and 100:1 leverage ratios
• How the Hunt Brothers nearly broke the silver market in 1980—and why authorities changed the rules
• JPMorgan’s $920 million fine and federal prison sentences for silver manipulation
• COMEX inventories down 70% since 2020 while delivery demands surge
• The fifth consecutive year of supply deficits: 117 million ounces short in 2025
• Industrial demand from solar panels, EVs, and electronics consuming 60% of supply
• China’s export controls removing 120 million ounces from global markets
• Why this divergence is different—and what happens when paper markets lose control
Key Facts Covered:
✓ Eight banks paid $1.3 billion in silver manipulation settlements (2014-2023)
✓ COMEX registered inventories: 40 million oz vs. 500+ million oz in paper claims
✓ Shanghai trading $10-12 above New York futures—sustained price divergence
✓ December 2025: 60% of registered inventory (47.6 million oz) delivered in one month
✓ Deutsche Bank’s 350,000 documents exposing London Silver Fix manipulation
✓ Silver Thursday 1980: Price collapsed from $35 to $10.80 after emergency rule changes
This Documentary Explores:
The documented history of precious metals manipulation, the mechanics of how paper markets suppress physical prices, structural supply deficits that cannot be resolved through financial engineering, and three potential outcomes for the COMEX—none of which maintain the current system intact.
This is 100% fact-based investigative analysis connecting market anomalies to deep economic mechanics. Every data point is sourced from federal court records, COMEX inventory reports, Department of Justice settlements, and current market pricing across Dubai, Shanghai, and New York exchanges.
What makes this crisis different from 1980? Industrial users need the physical metal and cannot be forced to liquidate. Solar manufacturers, EV producers, and electronics companies consume 650 million ounces annually—they can’t accept cash settlement. They need the actual metal. And the metal doesn’t exist in sufficient quantities at current paper prices.
The Contrarian Insight: This isn’t excessive speculation driving unsustainable prices. This is physical scarcity finally overwhelming derivatives leverage after decades of price suppression. When physical silver trades at $103 in Dubai while COMEX quotes $69, it means participants with actual metal reject the paper price as artificial. They’re demanding compensation that reflects genuine scarcity rather than prices set by exchanges where paper claims exceed physical supply by 100:1.
The divergence continues widening because this time, the physical buyers cannot be forced to liquidate. The question isn’t whether premiums compress or paper prices rise—it’s whether commodity markets can function when participants lose faith in cash settlement and demand physical delivery.
Understanding this divergence reveals how modern commodity markets actually function, who controls them, and why the current situation represents structural crisis rather than temporary volatility.
This is how markets break.

⚠️ DISCLAIMER:
This video is for educational and informational purposes only. It is not financial advice, investment recommendation, or solicitation to buy or sell any securities or commodities. The content presents factual analysis of market structures, historical events, and current price dynamics based on publicly available data from legal proceedings, regulatory filings, and market reports. All viewers should conduct their own research and consult qualified financial professionals before making any investment decisions. Past performance does not guarantee future results. Commodity markets involve substantial risk of loss.

📊 SOURCES & REFERENCES:
• U.S. Department of Justice Press Releases (JPMorgan case, Sept 2020 & Aug 2023)
• CFTC Order 8260-20 (JPMorgan $920M settlement)
• COMEX registered inventory data (January 2026)
• Silver Institute World Silver Survey (supply-demand projections)
• Deutsche Bank settlement documents (2016)
• Hunt Brothers court records (Silver Thursday 1980)
• Shanghai Gold Exchange silver pricing data
• CME Group margin requirement changes (December 2025)
• Current market pricing: Dubai, Shanghai, New York (January 2026)