温馨提示:本站仅提供公开网络链接索引服务,不存储、不篡改任何第三方内容,所有内容版权归原作者所有
AI智能索引来源:http://www.bee.com/id/65240.html
点击访问原文链接

Silver Faces “Delivery Failure” Crisis? March Could Be a “Critical Moment” for Precious Metals | Bee Network

Silver Faces “Delivery Failure” Crisis? March Could Be a “Critical Moment” for Precious Metals | Bee Network Login Berita Trending Meme Launchpad Agen AI DeSci Penjelajah Rantai Atas Untuk Newbee 100x Koin Permainan Lebah Situs Web Penting APLIKASI yang Harus Dimiliki Selebriti Kripto DePIN Pemula Penting Detektor Perangkap Alat Dasar Situs Web Tingkat Lanjut Pertukaran Alat NFT Hai, Keluar Alam Semesta Web3 permainan DApp Sarang lebah Platform Berkembang IKLAN Mencari Bahasa inggris Isi Ulang Koin Gabung Unduh Universitas Web3 permainan DApp Sarang lebah IKLAN rumah-Analisis-Teks utama Silver Faces “Delivery Failure” Crisis? March Could Be a “Critical Moment” for Precious MetalsAnalisis1 bulan yang lalu更新Wyatt 10,583 7 The precious metals market is facing a potential delivery crisis.

Senior precious metals analyst Bill Holter recently warned that the New York Commodity Menukarkan (COMEX) could face a physical silver delivery default as early as March 2026. This would completely destroy the credibility of the existing pricing mechanism, trigger a chain reaction spreading to the gold and credit markets, and ultimately lead to the collapse of the entire financial system.

Abnormal delivery demand has already emerged. According to Holter, in January, traditionally a non-delivery month, COMEX has seen over 40 million ounces of silver requested for delivery. In previous years, this figure was typically only 1 to 2 million ounces during the same period. As the major delivery month of March approaches, delivery demand could reach 70 to 80 million ounces, potentially depleting COMEX’s currently registered inventory of 110 to 120 million ounces.

This warning comes as the silver market experiences an unprecedented rally. Silver prices have surged 154% year-to-date in 2025, with a roughly 40% gain in January alone, far outpacing the stock market. UBS strategists have already warned clients this week that the recent gains in precious and industrial metals are “out of control.”

If Delivery Fails, Is the Financial System at Risk of Collapse? The COMEX silver market is facing unprecedented pressure for physical delivery. Holter points out that the appearance of 40 million ounces of delivery requests in January, a non-delivery month, is an extreme anomaly, signaling the possibility of a larger-scale run during the major delivery month of March.

“If COMEX cannot fulfill its delivery obligations, the contract value will go to zero,” Holter stated. He emphasized that a delivery default would completely negate COMEX’s pricing authority, as contracts that cannot be honored hold no value.

More seriously, a silver delivery failure would immediately transmit to the gold market. Holter warns that because gold is essentially an “anti-dollar” or “anti-U.S. Treasury” asset, a default in the gold market would directly impact the credit market, thereby threatening the stability of the entire financial system.

Currently, COMEX’s registered deliverable silver inventory is approximately 110 to 120 million ounces, but there are market doubts about whether this inventory is subject to double pledging or other encumbrances. If March delivery demand exceeds available inventory, the market will face its most severe liquidity crisis since the Silver Thursday event of 1980.

Holter paints a grim picture of the consequences of a delivery default. He predicts that if a delivery failure occurs in March 2026, it will trigger currency devaluation to zero and the collapse of the entire financial system.

“The real economy operates on credit. Everything you touch, everything you do, involves credit,” Holter said. If credit becomes unavailable, the real economy would grind to a complete halt.

This warning is not alarmist. The pricing mechanism of the precious metals market has long relied on paper contracts, with physical delivery constituting an extremely low proportion. Once trust in paper contracts collapses, investors will rush to demand physical delivery, and exchange inventories are far from sufficient to meet the delivery demands of all contracts.

Considering the United States’ total debt and commitment scale of $200 trillion, the financial system’s reliance on credit has reached a historical extreme. A crisis of trust in any key market could trigger a chain reaction, and the precious metals market is precisely the final anchor of trust for the entire monetary system.

Price Forecasts “Laughably Underestimated” Despite silver prices breaking through $100 per ounce, Holter believes the market is still in the early stages of its rally. He stated that all current price forecasts—including the $600 per ounce target proposed several years ago—will ultimately prove to be “laughably underestimated.”

Renowned silver analyst Peter Krauth is similarly optimistic, expecting silver prices to potentially surge to $300 per ounce during the upcoming “mania phase.” Krauth believes $50 per ounce has become the new price floor, and a dramatic adjustment in the gold-to-silver ratio will be the core driver pushing silver prices higher.

Holter provides an even more extreme valuation framework from a monetary perspective. He points out that if calculated based on the U.S. federal government’s $38 trillion debt, supported by 8,000 tons of gold reserves, the gold price should reach $200,000 per ounce. This logic also applies to the repricing of silver.

Some large traders and banks shorting precious metals have already fallen into financial distress. Holter indicated that the persistently rising metal prices—especially silver prices—are putting severe pressure on these institutions, which could exacerbate market instability.

Silver’s strong performance is rooted in a deep-seated fundamental imbalance. As a metal possessing both monetary and industrial attributes, silver is being squeezed by multiple demand forces.

Industrial demand remains robust, particularly in sectors like solar energy, electric vehicles, and electronics. Simultaneously, investment demand is surging, with investors viewing silver as a hedge against inflation and currency devaluation.

The supply side faces structural constraints. Silver is primarily a by-product of mining base metals like copper, lead, and zinc, making its production difficult to respond quickly to price signals. This supply rigidity is prone to triggering sharp price volatility when demand surges.

Krauth emphasizes that all the elements supporting a sustained rally for “quite some time” are in place. Although there is a risk of short-term pullbacks, the medium-to-long-term trend has been established.

Artikel ini bersumber dari internet: Silver Faces “Delivery Failure” Crisis? March Could Be a “Critical Moment” for Precious Metals

Related: 24-Hour Hot Cryptocurrencies and News | Hassett: There’s Still Plenty of Room for Rate Cuts; Trump to Interview Current Fed Governor Waller on Fed Chair Nominee (December 17) 1. Popular cryptocurrencies on CEXs Top 10 CEX trading volumes and their 24-hour price changes: BTC: +1.97% ETH: +0.18% SOL: +2.25% BNB: +2.01% ASTER: -0.76% BIFI: -1.77% CITY: +0.16% IDEX: -0.44% ZEC: -1.26% BAR: -1.74% 24-hour gainers list (data source: OKX): OM: +8.88% NIGHT: +8.72% MENGO: +7.03% MORPHO: +6.51% ETHW: +5.78% CORE: +4.9% ZORA: +4.55% CFG: +4.26% HUMA: +3.98% MERL: +3.82% 24-hour cryptocurrency stock gainers list (data source: msx.com ): QNTM: +11.87% CRCL: +9.71% IONQ: +7.68% HOOD: +4.01% IREN: +3.44% SNDK: +3.36% TSLA: +3.26% VST: +2.94% MSTR: +2.86% QUBT: +2.84% 2. Top 5 trending on-chain memes (data source: GMGN ): CALVIN jellyjelly TRUMP swarms BARRON Headlines Trump will interview current Federal Reserve Governor Waller regarding his nomination for Federal Reserve Chair. Sources familiar with the matter revealed that Trump will…

Analisis #Pertukaran #Pasar #© 版权声明Array 上一篇 In-Depth Research Report on the Stock Contract Sector: The Next Trillion-Dollar Battlefield for On-Chain Derivatives 下一篇 2026 Outlook (Part 4): The Privacy Track, Divergence, Consensus, and Value Redefinition 相关文章 Trump appoints a “crypto-friendly” as a transitional member of the Federal Reserve Board. What is the impact?Recommended 6086cf14eb90bc67ca4fc62b 23,765 1 Why did HashKey become the “first crypto stock in Hong Kong”? 6086cf14eb90bc67ca4fc62b 20,104 Trump is going to open his own casino. 6086cf14eb90bc67ca4fc62b 16,423 He Yi: I opposed MEME, understood MEME, and finally became a MEME. The clown is me. 6086cf14eb90bc67ca4fc62b 19,131 24H Hot Coins and News | SEC Member: Bitcoin ETF physical redemption mechanism may be implemented, and related applicati 6086cf14eb90bc67ca4fc62b 33,562 2 OneFootball, which raised $300 million three years ago, is now listed on CoinList. Is it worth participating? 6086cf14eb90bc67ca4fc62b 30,604 3 Tidak ada komentar Anda harus login untuk meninggalkan komentar! Segera masuk Tidak ada komentar... Bee.com Portal Web3 terbesar di dunia Mitra KoinCarp binance KoinMarketCap KoinGecko hidup koin Armor Unduh Aplikasi Bee Network dan mulai perjalanan web3 Kertas putih Peran Pertanyaan Umum © 2021-2026. Semua Hak Cipta Dilindungi Undang-Undang. Kebijakan pribadi | Ketentuan Layanan Unduh Aplikasi Jaringan Lebah dan memulai perjalanan web3 Portal Web3 terbesar di dunia Mitra CoinCarp Binance CoinMarketCap CoinGecko Coinlive Armors Kertas putih Peran Pertanyaan Umum © 2021-2026. Semua Hak Cipta Dilindungi Undang-Undang. Kebijakan pribadi | Ketentuan Layanan Mencari MencariDi dalam SitusDi RantaiSosialBerita 热门推荐: Pemburu Airdrop Analisis data Selebriti Kripto Detektor Perangkap Bahasa Indonesia English 繁體中文 简体中文 日本語 Tiếng Việt العربية 한국어 हिन्दी اردو Русский Bahasa Indonesia

智能索引记录