Jim’s Daily Rant. The Bizarre Twilight Zone of the Silver Market Today.

I was without internet service the past week. On my phone Tuesday, I saw an ad on JMBullion for (2) 2023 Silver Eagles for $280. I told friends that JMB now is signaling that street price per ounce of silver is now $140.

Yesterday I got my internet back and saw the same add now says “REDUCED to $96” per coin. I was totally confused and could not explain that. Especially true when yesterday the SPOT was $103. Was it because their web guy took off work for a wedding?

Now I understand why – the big dealers are starving for cash and credit. They are not prepared for a rush of customers and do not have the credit line big enough for the very expensive and larger of inventory when they were selling pop-cycles a month ago. So they must cater to the big spenders, the industrial customers that need bars ready to put in their machines.

That is why they are throwing away their coins at sacrifice prices! That is why JMB is discounting their best product 30% ($43.70); so they can remain in business!

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See: The major wholesalers and refiners are maxed out on their credit terms. 29 Minute Video

Recapped:

 The silver market has entered a state of total dislocation. We witnessed a historic weekly close with Silver holding 103 in the US and rocketing to 115 in Shanghai. But the price is only half the story. The internal plumbing of the market has failed.

In this emergency weekend war room, we break down a shocking letter from Dr. Tyler Wall, CEO of SD Bullion, who describes the current wholesale market as an "Absolute Circus." He reveals that major wholesalers and refiners are "maxed out on their credit terms," leading to a bizarre anomaly where they are "No Bid" on 90% Junk Silver despite record demand.

The credit freeze has become so severe that refiners cannot afford the time lag to melt old coinage, forcing them to reject inventory just to maintain liquidity.We analyze the "Geopolitical Trigger" unfolding in the Middle East. With the Abraham Lincoln Carrier Strike Group arriving to complete the largest military buildup in history, the "War Premium" is being priced into Gold ($5,000) and Silver instantly. Smart money is fleeing paper assets for hard assets ahead of the Sunday open.

We explain the "Suicide Hedge" dynamic that is forcing wholesalers to dump inventory to pay margin calls, creating a temporary opportunity for retail buyers to acquire 90% silver at a discount before the window slams shut. The banks are fighting the price, the wholesalers are fighting for credit, and the world is fighting for metal.

Key Data Points Analyzed:

The $103 Close: Silver holds triple digits as Shanghai expands the lead to $115.

The "Circus" Letter: SD Bullion CEO exposes the credit collapse at major wholesalers.

90% Silver Anomaly: Why refiners are refusing to buy Junk Silver (The Liquidity Trap).

War Premium: The impact of the US Carrier Group deployment on precious metals.

Gold at $5,000: The psychological signal that validates the silver squeeze.