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To: neolib who wrote (72624)	12/1/2025 9:14:49 PM
From: THE WATSONYOUTH	Respond to of 73080

Silver seemed to be causing strange problems on Friday at the CME?? youtu.be ....I recall awhile back when one (can't recall who....maybe Andy Schectman) of the silver proponents I listen to predicted that a fortunate plug would be pulled on the silver futures market if someone stood for a very large delivery that could not be delivered......then there would be some behind the doors negotiations on a settled price for the shorts to get out of their position to limit their losses

To: neolib who wrote (72624)	12/1/2025 9:39:33 PM
From: THE WATSONYOUTH	Respond to of 73080

...once the banks lose total control (too dangerous to short the Silver futures market) silver could rise to $100, from Gemini: That's a great question, as it was a significant event. The strange problems related to silver at the CME on Friday were actually a result of a major technical outage at the exchange, which coincided with an extreme price surge in silver. Here is a breakdown of what happened: 1. The Core Problem: CME Outage What caused it? The Chicago Mercantile Exchange (CME) Group, which includes the COMEX (where metals futures trade), had to halt trading across virtually all its futures and options markets for many hours. The official cause was a cooling system failure at one of its third-party data centers (CyrusOne). The Impact: This rare, extended outage (over 10 hours) froze trading on the CME's Globex electronic platform, which is crucial for global price discovery in commodities, currencies, and stock index futures. 2. The Silver Reaction: A Record High Surge Timing: The outage happened precisely when the silver market was experiencing extreme bullish momentum and was testing a new all-time record high. The Surge: While the CME futures were halted, price discovery shifted to other markets (like Shanghai futures and over-the-counter/spot markets), and silver prices surged to a new all-time high, peaking well above $55 per ounce and posting a massive daily gain once trading resumed. 3. The "Strange Problem" & Speculation The "strange problems" were really the combination of the technical failure and the market's explosive reaction, which led to: Conspiracy Theories: The timing of the exchange going dark right as silver was breaking a record fueled intense speculation on social media. Many "precious metals conspiracy theorists" suggested the outage was intentional—a move by the exchange or banks to "suppress the surge" or "prevent a breakout" of silver prices. Analysts, however, widely dismissed this, attributing it to a genuine, albeit poorly timed, technical failure during a period of already thin holiday liquidity (right after Thanksgiving). Physical Market Exposure: The halt in the paper (futures) market gave a rare glimpse of price discovery driven solely by physical demand, which strongly pushed prices higher and underscored the severe structural tightness and permanent supply deficit in the global physical silver market. In short, the technical failure at the CME was the cause of the strange market conditions, and the silver price explosion was the result that made the situation dramatic and fueled conspiracy theories about the market's inner workings. Would you like to know more about the structural tightness in the physical silver market that contributed to the price surge?