According to Bull Theory, silver has surged to $85, reflecting a 6.55% increase in the last 12 hours and adding $297 billion to its market capitalization. This significant move highlights growing investor interest in precious metals as a potential hedge against market volatility.

According to @w_thejazz, the COMEX silver inventory is rapidly declining, signaling increasing scarcity in the market. With registered silver reserves at around 102 million ounces and open interest in March contracts totaling 366 million ounces, there is a significant shortfall if physical delivery were demanded. The trend of declining registered silver has persisted even after recent price corrections, emphasizing the growing demand for physical silver. Traders should monitor the March and May contract movements closely as they reflect the broader shift towards tangible assets.

According to @w_thejazz, the preference for physical gold and silver over Bitcoin as a store of value is gaining traction. The statement challenges Bitcoin's reputation as 'digital gold' amidst ongoing discussions about its role in the financial ecosystem. This debate is influenced by comments such as those by Kevin Warsh, who likens Bitcoin to gold for younger generations.

According to @KobeissiLetter, silver inventories on the Shanghai Futures Exchange have plummeted to just 350 tonnes, marking the lowest level since 2015. This represents a dramatic 88% decline from a peak of approximately 3,000 tonnes in January 2021. The tightening supply could have significant implications for silver trading and pricing dynamics.

According to @w_thejazz, the reliance on digital wealth and paper assets is diminishing as tangible assets like physical gold (24K) and silver (999 grade) gain prominence. The author emphasizes the importance of direct ownership, advocating for physical possession of precious metals over digital or paper-based alternatives. This shift reflects a broader trend in wealth protection strategies, highlighting the increasing preference for real, tangible assets in financial portfolios.

According to @w_thejazz, China has transformed silver into a strategic commodity by limiting exports to only 44 state-backed firms starting January 2026. This policy shift aims to create a global chokepoint, moving beyond market manipulation to prioritize national control. While paper markets like COMEX continue to manage margins, physical silver is experiencing significant premiums, with some buyers paying up to 30% above market price. This development positions the #SilverSqueeze as a critical issue with both financial and geopolitical implications.

According to @w_thejazz, the disparity between the paper and physical silver prices is driven by an interconnected system involving the Federal Reserve, COMEX, and major banks like JPMorgan, Citibank, and HSBC. These banks not only own significant shares in the Federal Reserve but also control physical silver vaults and hold substantial short positions in the silver market. This structural conflict allows them to influence silver pricing while benefiting from access to Federal Reserve liquidity. The suggested way to disrupt this cycle is through physical delivery, forcing the market to align with actual silver availability.

According to @ai_9684xtpa, a Binance trader using the account SMXKX achieved the top position on Binance's 30-day Smart Money leaderboard by profiting $12.28 million through shorting gold and silver. The trader began shorting silver (XAG) in late January, initially incurring losses exceeding $1 million. Subsequently, they shorted gold at its January 29 peak, ultimately achieving maximum profits on February 5.

According to @w_thejazz, Xi Jinping's 2026 mandate for a 'strong currency' is influencing the global silver market, particularly through China's aggressive stockpiling. While Western paper silver markets face significant corrections, China's physical silver reserves are dwindling, with SHFE inventories dropping 54% in seven weeks. New export restrictions are further limiting the outflow of silver, prioritizing domestic industries like solar and EVs. This divergence highlights the decoupling between paper and physical silver markets, with delivery demands potentially reshaping pricing dynamics.

According to @KobeissiLetter, retail investor activity in the U.S. options market has surged dramatically. Year-to-date in 2026, the average daily options volume for precious metals like gold and silver is 6.6 times higher than the total volume recorded in 2023. This unprecedented growth highlights heightened interest in gold and silver trading among retail investors, surpassing all previous years' activity levels.

According to @w_thejazz, the Shanghai Futures Exchange (SHFE) has confirmed that six groups of linked accounts were caught exceeding intraday position-opening limits on silver contracts. This coordinated action, which involved dumping 674 million ounces of paper silver in a single session, has led SHFE to impose restricted position-opening measures on these accounts. The crackdown highlights growing scrutiny in the silver market, with physical demand remaining strong and fundamentals unchanged.

According to @BullTheoryio, the last 24 hours saw a cross-asset selloff: gold fell 5.5% with about $1.94 trillion in value erased, silver dropped 19% with roughly $980 billion wiped out, the S&P 500 declined 0.95% with about $580 billion lost, and the Nasdaq fell 2.5% (source: @BullTheoryio). Based on @BullTheoryio’s figures, the simultaneous declines across commodities and US equities indicate broad risk reduction and higher cross-asset correlation, raising liquidity and gap risk for short-term traders (source: @BullTheoryio). Based on @BullTheoryio’s reported drawdowns, traders can consider tightening leverage, using options hedges, prioritizing liquidity, and monitoring dollar strength and volatility for continuation versus mean-reversion cues (source: @BullTheoryio).

According to @CryptoMichNL, the ETH versus silver relative pair has printed its lowest RSI on record. According to @CryptoMichNL, the last times this level occurred were during the 2018 and 2022 lows, indicating where ETH may be in the broader cycle relative to silver.

According to @EricBalchunas, $SLV is leading pre-market volume across all ETFs and stocks, with commodities ETFs making up 7 of the top 11 most active by notional volume, source: @EricBalchunas. According to @EricBalchunas, the -2x gold and silver ETFs are now on the most-active list after not appearing last week, source: @EricBalchunas.

According to @BullTheoryio, gold and silver saw a historic drawdown with a reported 10 trillion in value erased in three days. According to the source, gold fell 20% from its peak, erasing 7.4 trillion in market value, and silver dropped nearly 40%, wiping out 2.7 trillion. According to the source, the gold wipeout was framed as roughly five times the entire market cap of Bitcoin, emphasizing the cross asset scale versus BTC. Based on the source's figures, traders may prioritize liquidity and volatility management in precious metals, monitor BTC relative strength and the gold to BTC ratio, and adjust hedging and risk exposure as cross asset flows evolve.

According to @ReetikaTrades, citing The Kobeissi Letter, gold and silver have erased over 10 trillion in market cap in three days, roughly four times the total crypto market cap, highlighting crypto’s smaller relative size (source: @ReetikaTrades via The Kobeissi Letter). According to @ReetikaTrades, the cited post attributes the move to selling pressure with gold and silver falling below stated price levels (source: @ReetikaTrades via The Kobeissi Letter). According to @ReetikaTrades, this comparison frames position sizing and risk context between traditional commodities and crypto, with no additional verification provided beyond The Kobeissi Letter citation (source: @ReetikaTrades).

According to @StockMKTNewz, silver fell 31% in its sharpest single-day drop since March 1980, while gold declined 11% in its worst single-day move since January 1980. According to @StockMKTNewz, these represent the steepest daily losses in decades for both metals.

According to @lookonchain, whale address pfm.eth deposited 5M USDC into Hyperliquid over the past 12 hours to build long exposure to silver via the on-chain $SILVER market. According to @lookonchain, the address opened a 1x long on 17,305 SILVER worth about $1.49M, with roughly $1.66M in additional limit buy orders still waiting to be filled.

According to @simplykashif, gold saw more than 6.3 trillion in market capitalization erased within 24 hours, described as the largest drawdown in history, source: @simplykashif. Silver reportedly fell over 35 percent, dropping below 75 per ounce in its worst single day in 46 years, source: @simplykashif. The post also claims over 15 trillion vanished from global markets in 48 hours, signaling extreme risk-off and acute volatility, source: @simplykashif. For traders, this points to elevated gap risk and potential forced deleveraging; closely monitor XAUUSD and XAGUSD for liquidity pockets, volatility spikes, and range breaks, source: @simplykashif.

According to @w_thejazz, silver saw a reported 32% intraday drop, the largest since 1980, while Shanghai spot traded near 122 versus roughly 85 in US markets, implying a 44% premium and a major cross market dislocation (source: @w_thejazz citing BullTheoryio). The post alleges heavy COMEX paper selling and an extreme paper to metal imbalance, highlighting elevated basis risk for XAGUSD and the need for traders to track futures spreads, deliverability, and liquidity conditions across COMEX and Shanghai (source: @w_thejazz).