现货 - 528BTC

Expand The Silver Phenomenon One thousand tons. That's all. In October 2025, a single order from India caused silver leasing prices to surge overnight from 0.3% to 39.2%. The London Bullion Market Association (LBMA), the backbone of the global precious metals settlement system, watched helplessly as free-floating inventories plummeted to 155 million ounces, enough for only six weeks of global supply. Silver entered a contango phase for the first time in 45 years. The spot price was $2.88 higher than the futures price. Swiss refiner METALOR completely withdrew from the market. The infrastructure handling trillions of dollars in paper claims underwent a stress test of physical reality. Physical reality prevailed. These figures tell a story the financial world doesn't want to hear: Five consecutive years of structural deficits. Since 2021, silver consumption has exceeded production by 796 million ounces. Equivalent to ten months of global mineral supply consumed, vanished. No recycling, no regeneration. They were used to make solar cells, electronics, and medical devices. Silver was dispersed across various uses and could no longer be recovered. They never explained: 72% of silver is a byproduct of copper, lead, zinc, and gold mining. When the price of silver doubled, supply did not increase accordingly. It simply couldn't increase. The decision-makers who decided to produce silver were entirely those who targeted other metals. Prices couldn't solve the problems that prices couldn't reach. The consequences appeared in 2025. Silver broke its 1980 record, surging 120% to $64.65 per ounce. India announced that it would accept silver as collateral for bank loans. This was the first formal monetization of silver since 1873. The United States added silver to its list of critical minerals. This was the first time in history. This metal, which for decades was considered gold's "volatile sibling," has now become a bottleneck in the energy transition, a factor restricting solar energy deployment, and a shortage that no alternative can solve at this critical juncture. You were told that silver was obsolete. The emptying of vaults in London, New York, and Shanghai suggests this is not the case. Repricing has begun. $BTC