silver

There’s an old saying on the street: "Markets climb a wall of worry, but they slide down a slope of hope." In 2025, silver speculators were climbing that wall with ice picks, delivering a staggering 170% rally. But as we settle into 2026, the hope is fading, and the slope is getting slippery.

While silver is currently up 11% year-to-date, it’s a shadow of its former self, trading roughly 40% below its January peak of ₹4,20,048 on the MCX. Gold, by contrast, is proving why it's the king. Up 16% YTD and having weathered a mere 18% correction, it offers the stability that silver currently lacks.

The narrative shift is clear: the "crowded trade" in silver has unwound. According to Kunal Shah of Nirmal Bang, the cocktail of leveraged positions and China-linked speculation that fueled the white metal’s historic run has been drained. We are looking at a market where supply deficits are old news and prices are no longer driven by scarcity, but by sentiment. Prathamesh Mallya of Angel One suggests that while silver's sprint is over, gold's marathon is just hitting its stride.

For the tactical trader, the gold-silver ratio is the compass. Currently sitting in no-man's-land, it signals that the days of easy money in silver are behind us. The metal isn't broken—industrial demand from solar and 5G infrastructure provides a solid floor—but the ceiling is low. In 2026, deep liquidity and central bank accumulation make gold the anchor trade, while silver remains a volatile option play.
$XAU
$XAG

#GoldSilverRally #silver #gold

The Great Rotation: Why Silver's 2025 Glory Won't Shine in 2026
There’s an old saying on the street: "Markets climb a wall of worry, but they slide down a slope of hope." In 2025, silver speculators were climbing that wall with ice picks, delivering a staggering 170% rally. But as we settle into 2026, the hope is fading, and the slope is getting slippery.
While silver is currently up 11% year-to-date, it’s a shadow of its former self, trading roughly 40% below its January peak of ₹4,20,048 on the MCX. Gold, by contrast, is proving why it's the king. Up 16% YTD and having weathered a mere 18% correction, it offers the stability that silver currently lacks.
The narrative shift is clear: the "crowded trade" in silver has unwound. According to Kunal Shah of Nirmal Bang, the cocktail of leveraged positions and China-linked speculation that fueled the white metal’s historic run has been drained. We are looking at a market where supply deficits are old news and prices are no longer driven by scarcity, but by sentiment. Prathamesh Mallya of Angel One suggests that while silver's sprint is over, gold's marathon is just hitting its stride.
For the tactical trader, the gold-silver ratio is the compass. Currently sitting in no-man's-land, it signals that the days of easy money in silver are behind us. The metal isn't broken—industrial demand from solar and 5G infrastructure provides a solid floor—but the ceiling is low. In 2026, deep liquidity and central bank accumulation make gold the anchor trade, while silver remains a volatile option play.
$XAU
$XAG
#GoldSilverRally #silver #gold

👇👇👇👇👇
I’ve been analyzing this for 2 weeks, and it’s far worse than I thought.

Silver production: ~800M ounces per year
Bank short exposure: 4.4 BILLION ounces

If silver continues higher, major U.S. banks will collapse.

Here’s what I uncovered:

7 days ago, silver pushed to ~$92.
Then it dropped over 18% within hours.
Bounced back near $86.
Still not recovered.

Most people see volatility.
I see a TRAP.

At ~$92 per ounce, the combined bank short position is $410 BILLION in exposure.

That’s larger than the market cap of most global banks combined.

WHY DID SILVER DROP TO $64 OVERNIGHT?

Because it had to.

A clean break above $100 would have triggered margin calls that cascaded through the system.

So the insiders did what they always do:
They dumped paper contracts into thin overnight liquidity to force the price down.

But here’s what the screen doesn’t show:

While the paper price fell, lease rates exploded.

The cost to borrow physical silver is surging.

We are now in FREE FALL.

Spot > Futures.

That means buyers don’t want delivery in 3 or 6 months.
They want the metal NOW.

This is where the math becomes fatal:

Shorts: 4.4B ounces
Annual mining: ~800M ounces

At these prices, recycling supply dries up because holders hoard.

Industrial demand doesn’t slow down:
AI
Solar
EVs
Defense

Factories must buy regardless of price.

Some banks aren’t just short silver.
They’re short the industrial supply chain.

CASH SETTLEMENT IS NEXT

I warned earlier about this.

It’s already starting at the insider level.

Large dealers are quoting:
No availability
Or 4–6 week delivery delays

When silver reclaims $91 — and it will — it won’t stall at $100.

The move will be discontinuous.

Once the first major short declares force majeure, price gaps become unavoidable.

WE NOW HAVE TWO SEPARATE MARKETS

Screen price: a managed number
Physical market: increasingly unobtainable

The shakeouts are designed to flush weak hands out of physical supply.

Pay attention.

We are watching the paper derivative structure fail in real time.

This is what the early phase of a commodities supercycle looks like.

I’ve been in macro for over 15 years and have called all major market tops and bottoms before others.

From here on, I’ll continue to share all my moves publicly so my followers can act.

If you want to win big this cycle, all you need to do is follow me and turn notifications on.

Non-subscribers will regret not following me sooner.
$XAG
$XAU
$PAXG
#silver #gold