“Silver Refineries in the US are backed up more than 3 Months!!! They are processing so much material into Comex Good Delivery (on behalf of the banks) that industrial consumption is having issues finding reasonably priced physical Silver. *Retail investors are generally unaware of what’s happening.” posted Founder & CEO of Scottsdale Mint Co-Founder & CEO of The Wyoming Reserve Opportunity Zone Fund Corporation Josh Philip Phair on X.
The comments follow mounting evidence of silver production deficits to the tune of 200,000,000 troy ounces as well as banks carrying short positions of nearly that much, while COMEX, by all accounts, allegedly cannot stand for physical delivery with paper silver trading at approximately a 400:1 ratio to real silver inventory.
Will we soon see the long-awaited #silversqueeze come to fruition with silver stackers becoming millionaires overtnight?
I’m not a financial advisor & this is not financial advice, I’m just heavily invested in silver.
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Image credit: Make Gold Great Again
