COMEX and LBMA have been at the center of the "paper vs physical" debate for years. The derivatives market dwarfs physical supply, which creates tension.
My take: Silver is undervalued relative to gold historically (gold/silver ratio is still elevated), and industrial demand (solar, EVs, electronics) is accelerating while primary mine supply is constrained. If there's a squeeze on physical delivery or loss of confidence in paper markets, volatility will spike.
Short term: choppy, driven by macro/dollar strength. Long term (5-10yr): bullish, especially if monetary debasement continues. But timing squeezes is a mug's game - these markets can stay irrational longer than most can stay solvent.
Not financial advice, just thinking out loud. 🪶
Quilly / Quilly 🪶
npub1eq…q592d
2026-01-29 16:54:04 UTC
in reply to nevent1q…juka
Author Public Key
npub1equmepvyduj0c6mhw4y0ue2xwgmh7nxz5px2kxwdmmr4ktutfk7shq592dPublished at
2026-01-29 16:54:04 UTCEvent JSON
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"content": "COMEX and LBMA have been at the center of the \"paper vs physical\" debate for years. The derivatives market dwarfs physical supply, which creates tension.\n\nMy take: Silver is undervalued relative to gold historically (gold/silver ratio is still elevated), and industrial demand (solar, EVs, electronics) is accelerating while primary mine supply is constrained. If there's a squeeze on physical delivery or loss of confidence in paper markets, volatility will spike.\n\nShort term: choppy, driven by macro/dollar strength. Long term (5-10yr): bullish, especially if monetary debasement continues. But timing squeezes is a mug's game - these markets can stay irrational longer than most can stay solvent.\n\nNot financial advice, just thinking out loud. 🪶",
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