Any silver stackers here? Silver over $66/ounce now.

[merc]

No gold .
Some silver
Quite a bit Lead .

When the DNC starts the Civil War ,
and rest assure , they will start it soon ,
lead with be currency .

Stay out of harm's way ,
MERC

[Solid Snake]

Looks like the bubble popped. Silver down $30 today at $86.

[55chevy]

Were the Hunt brothers involved? 😁

[Sanders]

Looks like the bubble popped. Silver down $30 today at $86.

Bet it goes back up. Word on the street is that it was a computer glich that crashed all precious metal prices.

[aviator]

Bet it goes back up. Word on the street is that it was a computer glich that crashed all precious metal prices.

Don't look at the day by day trade, those are day traders , price goes up a few bucks, they sell, many more panic and sell, then they buy low again. Look at the six month chart. Two weeks ago it was around $74, the average now is around $100.. I bet you my silver that on Monday it will be back up to around $112. Speculators driving the market and they are in to make money.

[Sanders]

Silver crashed 31% in a single session. From Thursday’s all-time high of $121.78 to settlement at $78.53. That’s a 14-sigma event if you use a 10-year volatility baseline. For context, a 7-sigma event should happen once every 3 billion years. We’re talking statistical impossibilities - the kind of moves that only occur when something breaks.

But even against January’s already-insane volatility, this was a 6-7 sigma move. And if you’re not scared witless here yet… we’ve had multiple 4-5 sigma events this month alone. January 26 saw a 14% intraday swing - up 7%, then down 7% in hours. That’s a 4-sigma event. It happened on a Monday. Then Tuesday brought another 8% move. Thursday, another 6% swing before the all-time high.

When you start stacking 4-sigma, 5-sigma, 6-sigma events back-to-back-to-back, you’re not in a normal market anymore. You’re in a regime change. The volatility itself becomes the signal - something in the market structure has broken, and price is searching for a new equilibrium while leverage unwinds violently.

A 6-sigma event should happen once every 506 million days (when humanity was living in caves). We’ve now had four of them in January alone.

And boy, did something break.

Article here: https://no01.substack.com/p/this-one...s?source=queue (You can just X out of the Subscribe nag boxes and keep reading)

Let me get this straight: physical demand was so strong that a quarter of deliverable COMEX inventory disappeared, but the price needs to drop 31% in one day because Kevin Warsh got nominated to chair the Fed? Sure.

At $85 - or whatever the price is after finishing this article, we’re back to mid-January levels. Silver started 2025 around $30/oz - we’re still up 180% year-over-year despite Friday’s massacre. That vertical moonshot from $121 to $78 and back to $85 wiped out the late-month mania and probably every leveraged long position that existed.

The good news, if you want to call it that: all that leverage is gone. No more gamma squeeze, no more margin-fueled parabolic moves. Just whatever this market actually is when the paper games are dialed back. The bad news: Shanghai’s still quoting a $37 premium. India’s at $28 over spot. The physical market hasn’t gotten the memo about the “correction”.

COMEX says $85. Shanghai says $122. That spread - the widest in recorded history - is telling you something. Friday wasn’t a market correction. It was a liquidation event in the paper market while the physical market said “not interested in your prices, thanks”.

You’re watching two markets diverge in real time - one that trades promises, and one that trades metal.

[Sanders]

My Ameriprise financial adviser usually calls me on her private phone so we can have off record discussions, and she told me a while back "you know the market is rigged, right?" .....I told her is does seem that way. Regardless, she works around that and does a great job.

A 14-sigma event is so improbable under a normal distribution that its expected occurrence time is vastly longer than the age of the observable universe (≈13.8 billion years ≈ 5×10¹⁸ seconds or ~10²⁰–10²¹ trading days at best). In practical terms, it's treated as effectively impossible if the underlying process truly follows a normal distribution.

[Sanders]

If you look carefully into the latest Comex report, $JPM closed its silver shorts EXACTLY at the very bottom of the price crash and from there it all started to come back up This isn’t coincidence This isn’t conspiracy theory This is the proof the whole Friday crash was planned

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[Sanders]

The silver crash on Friday, January 30, 2026, was not just a market correction—it was a coordinated "liquidity event" that erased nearly 33% of silver's value in less than 24 hours. The fact that it happened alongside a $40 billion repo spike and the failure of Metropolitan Capital Bank strongly suggests that the move was, at the very least, "professionally managed."
Whether you call it "engineered" or "tactical risk management," the fingerprints of the major bullion banks—led by JP Morgan—are all over the price action.
The "Anatomy" of the Crash (Jan 30, 2026)
Silver dropped from a record high of $121.45 to a low of $76.10 yesterday. Here is the evidence for the "Engineered" theory:
* The "Kolanovic Warning": Just 48 hours before the crash, former J.P. Morgan strategist Marko Kolanovic publicly predicted a 50% drop in silver, calling it "speculative mania." This acted as the signal for institutional "smart money" to begin loading their short positions or exiting longs.
* The CME "Kill Switch": As prices hit $121, the CME Group (the exchange) hiked silver margins from 11% to 15% (and up to 16.5% for high-risk accounts). This forces smaller, leveraged traders to sell immediately because they can't afford the higher "insurance" cost to keep their positions open.
* The Warsh Shock: The nomination of Kevin Warsh as Fed Chair yesterday provided the perfect "fundamental" excuse. Known as a hawkish "inflation hawk," his name triggered a massive rally in the US Dollar (DXY), which algorithms use as an automatic "sell" signal for silver.
Why the JP Morgan "Cover" Matters
The rumor that JPM closed their massive short position at the bottom (around $78) is highly credible based on COMEX volume data. When silver hit $121, the big banks were "trapped" in a short squeeze. To get out, they needed a massive wave of selling to drive the price down so they could buy back (cover) their shorts without bidding the price up.
* Creating the Cascade: By "painting the tape" with a few large sell orders during the thin liquidity of the European session, banks triggered the stop-losses of thousands of retail traders.
* The Margin Call Waterfall: As the price dropped, the CME margin hikes kicked in, forcing even more selling.
* The Harvest: J.P. Morgan, acting as the custodian for the SLV ETF, has the best visibility into where the "pain points" are. They likely "scooped up" the cheap paper silver from liquidated retail traders at the $76-$80 level.
The $40 Billion Repo Connection
The "unknown bank" that borrowed $40 billion from the Fed on Thursday night was likely the "facilitator" for this move. In 2026, the repo market is the oxygen for these trades.
* The Theory: A primary dealer (possibly JPM or BofA) needed $40 billion in overnight liquidity to maintain their collateral levels while they orchestrated the massive shift in their metals book. They used the Fed as a backstop so they didn't have to sell their other assets to fund the "silver operation."
Verdict: Was it Engineered?
In the professional trading world, this is called a "Long Squeeze." It wasn't necessarily a "fake" crash, but it was a leveraged takedown.
* The banks were "short" and losing money as silver approached $130.
* They used the CME margin hikes and the Fed Chair news to "break" the market's back.
* By Friday's close, they had likely flipped from "Net Short" to "Net Neutral" or even "Long," leaving retail investors holding the bag.

https://x.com/skepticlyopen/status/2017608323709755900

[aviator]

Guys, it's called "Profit Taking". Big players may have had millions in silver at $60 and they saw the chance to double their money, that's all. It's the way the game is played. Not a conspiracy, not rigged, no nothing, people making money on the trade, that's all.

[aviator]

I am certainly no expert, but my adviser told me to expect to see my accounts drop off a bit on Fridays due to profit taking as you described.

I'm no expert either but I've been around a bit.

[FloridaAKM]

Lead still has good value & works when you need it. There was a reason I bought cases upon cases of sealed ammo rather than invest in PM's. Thieves can carry off your PM's if they can access them.

Nobody can carry away cases of ammo @ 60 to 70 pounds a case each unless they come in force with big trucks. If they do, the choice is a RPD or a M249 to meet them.

[merc]

Silver is 80.53 right now
I have some .
Much more lead .

MERC