Silver Vaults Drained: The December 2025 COMEX Shockwave (60% Gone in 4 Days!)
This is the collapse. We had 200 paper contracts being traded for every ounce of silver that is there to back it up. Now what happens if half of that silver that is available to back up the paper is gone? Well then you just went from 200:1 to 400:1. I used to work as a stock broker, one of our jobs was to call in margin calls. If someone is short a stock they have to have enough collateral with us to cover if they have to buy it back. What they did with Silver is assume no one was going to actually want to hold the silver, rather they are just trading the paper on it which is why they got to 200:1 or what may be 400:1 today. But since people now are standing for delivery the entire house of cards will fall down.