I have personally witnessed the $4 billion silver long positions evaporate in just 70 minutes. The price dropped from $83.75 to $75.15. After years of trading, I have never seen such a fierce plunge.

TV stations started sensationalizing the "bubble burst" story, trying to create panic and induce selling. But this narrative misses the most critical part—what was happening in Shanghai at the same time.

US traders kept pushing the price down at $75, but Chinese buyers were snapping up the same silver at $90. $90! Even more crazy, during the sharp decline, this premium not only didn't shrink but continued to rise. Think about what that means.

This is not ordinary market volatility; it’s a manifestation of a liquidity vacuum. There were no bids between $83 and $76; algorithmic trading pulled all orders away. The price didn't just fall; it collapsed. When it hit $75, spot demand flooded in like a flood—absorbing all selling pressure in an instant.

The supply side pressure is even more outrageous. China has implemented a 72-hour comprehensive export control on silver starting January 1, allowing only licensed exporters to operate. They control 70% of the global silver supply. Meanwhile, COMEX inventories have already decreased by 70%, and London vaults are under extreme pressure. Elon Musk recently stated on social media that the silver shortage is "not looking good."

Looking at the gold-silver ratio data makes it clear. It’s now 60:1, but the historical average is 30:1. To restore balance, silver prices should surge to $150.

Some say this is a replay of 1980. But the differences are significant. Back then, the Hunt family were speculators playing paper games. Now, it’s real industrial demand hitting empty inventories. Solar panels won’t bargain, and the chip industry can’t wait.