Episode notes
This episode focuses on the record-breaking surge in silver prices to around $56 per ounce in November 2025. This significant price action occurred simultaneously with an unexpected trading halt at the Chicago Mercantile Exchange (CME), which was later confirmed to be an infrastructure failure unrelated to trading volume. The discussion asserts that the rally constitutes a major technical breakout supported by strong fundamental factors, including persistent multi-year supply deficits and rising industrial consumption across technology sectors. Historical context is established by drawing parallels to the 1979 silver mania, contrasting the current fragmented market with previous centralized attempts at manipulation. Furthermore, it highlights regulatory responses such as the CME's repeated margin increases intended to limit lever ...