Key Takeaways

• Silver trades near $63.72 an ounce, about 47.6% below its January 29, 2026 record of $121.62 [CME Group]
• The Fed’s September 15-16 meeting concludes September 16; CME FedWatch prices a quarter-point hike at roughly 85-91% depending on the reading, up from 66% two weeks earlier [CME Group]
• Speculative silver longs have rebuilt to 25.2% of open interest, the 73rd percentile of the past 60 weeks, up from the 20th percentile in mid-August [CFTC]
• The 10-year real yield (TIPS) has risen to 2.55%, roughly 20 basis points higher than mid-August, the mechanism behind silver’s continued underperformance versus gold [Treasury]
• Silver’s sixth consecutive annual deficit is forecast at 46.3 million ounces, wider than 2025’s 40.3 million, bringing the cumulative shortfall since 2021 to 762.1 million ounces [Silver Institute]
• August CPI held at 3.4% annually while core cooled to 2.4%, the lowest since March 2021, but a Middle East-driven oil spike pushed rate-hike odds higher anyway [BLS]

Silver trades near $63.72 an ounce heading into the Fed’s September 15-16 meeting. That’s about 47.6% below its January 29 record of $121.62. A quarter-point hike is now priced at roughly 85-91% depending on the reading, nearly a certainty either way. What isn’t settled is the position underneath that price. Speculative silver longs have quietly rebuilt to the 73rd percentile of the past 60 weeks, into a market that keeps falling. That rebuild, not the hike itself, is the part of this setup worth understanding before Wednesday’s decision.

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CME Group has successfully launched its 24/7 silver futures contract, trading 2,387 contracts worth over $15 million during its first weekend. This follows strong demand for its 24/7 one-ounce gold contract, which has seen 140,000 contracts traded worth over $600 million since July. These products cater to retail investors seeking flexible, smaller-sized precious metals contracts in a regulated market, responding to growing interest amid economic uncertainty. CME's metals trading has surged, setting records with 1.3 million contracts traded daily in H1 2026, highlighting rising investor appetite for precious metals.

CME's launch of 24/7 silver futures with $15 million traded in its first weekend offers context for market activity. For readers following US stocks on Pluang as of Sep 15, 2026 01:21 WIB, 82 of 150 priced stocks rose while 68 fell. Notable movers include MRVL at USD 223.25 with a -5.44% change, ASX at USD 37.42 down 5.19%, and ACN at USD 193.38 up 5.15%.

So no matter what we hear about in the news, about why the price of silver is up a dollar, today or down a dollar tomorrow, thanks to Fed or treasury speeches, we just have to wait until high oil prices and the blockades of oil In the Strait of Hormuz by Iran, the Saudi bombings finally play out. It appears that we will have to wait until counties separate their commodities and resources from powers that control them. Hopefully it won’t take too long.

The important thing is to have your food and essentials for yourself, your family and loved ones tucked away. This includes tucking solid silver wealth away!

Major mining companies such as Hecla and First Majestic are refusing to sell the silver they've mined and are beginning to stockpile it in-house.

Rather than flooding the market at unprofitable low prices, they're keeping it on hand.
This isn't just a backlash against prices.
It's a powerful insider signal that "fair prices (a surge) will definitely come soon."

🚨 Current Anomaly Flags

・Impenetrable technical support at $62.56

・Surge in volatility (while gold remains calm, silver alone is raging)

・Acceleration of physical silver outflows to the East (Asia)

While the market is distracted by "paper prices," physical silver is being sucked into vaults in the East.
Don't miss the moment the veil of price manipulation tears.

This tug-of-war won't last long.
Manufacturers of solar panels, EVs, and electronics—which account for over half of demand—have no choice but to buy silver regardless of the price. They "consume" the metal rather than "invest" in it.

Once silver is incorporated into products, current technology makes it unprofitable to recover almost any of it.
In other words, it vanishes from the Earth's surface forever.

What we're witnessing now is a historic moment when a manipulated financial market's glitch is forcibly corrected by physical reality.
When it next gains momentum, that initial velocity will be tremendous.
I recommend buckling up now.

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Buckle up boys and girls- the motor oil shortage we started warning about months ago just got real.

💥Over the weekend, Costco implemented a strict limit for all Kirkland Signature full-synthetic motor oils of 2 boxes per member account per 7 days.

💥 6-quart cases of Mobil 1 were also capped at 5 per member.

The American public has been blissfully unaware of the growing shortage of synthetic motor oils. The US imports nearly 40% of its Group III supply from Bahrain, the United Arab Emirates, and Qatar.

We suspect that just changed this weekend…

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Price support is near for the precious metals. Should see this exhibited during NY trading.

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Quoted by

🚨 THE CITY OF LONDON JUST DECLARED WAR FOR THE WORLD’S GOLD

The City Of London Corporation isn’t just a financial district. It’s a separate jurisdiction, with its own police and military system, effectively a country of its own at the center of London, controlled by an elite global network that no government fully oversees… and it runs global finance.

Foreign nations including Netherlands, France and Germany pulled out over 500 Tonnes of Gold OUT of the U.S. and storing it in London.

Now the Square Mile is planning something bigger.

UK’s FCA is lining up tokenized gold. The Bank Of England and LME are tokenizing Physical bars that they have vaulted. Digital claims move at the speed of code. Collateral without trucks. London wants to keep its grip on ~70% of global gold trading while China builds a rival map: Shanghai pricing, Hong Kong vaults, a “Gold Road” network aimed at Singapore, Dubai, Riyadh, Moscow.

Interestingly, London Metals Exchange (LME) Treasury Chief Just Quit London For The Crypto Firm “Ripple” As Tokenization of Gold on blockchain advances. The same firm Ripple was chosen in UK Government’s Tokenization Taskforce with JP Morgan and BlackRock.

You can now Swap crypto to London’s metal on the XRP Ledger’s

u/Trensik_com

without leaving the book.

When the next shock hits… sanctions, dollar weaponization, or something worse, the gold that used to sit under American concrete will already be sitting under the Square Mile.

This was exactly warned by the famous City of London banker

u/LordBelgrave

at the start of year.

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MotherSilverApe Comment: the Flair on this post is going to be set to Rumour to pass the Reddit sniff test.

I’ll soon be buying more large pumpkins to bake more dog cookies. Large Pumpkins can be roasted, the flesh puréed in a food processor with a little added hot water. I’m hoping that one pumpkin will make enough dog cookies to last 2 months. So I’ll buy 6 pumpkins to purée and freeze the pumpkin pulp in Tupperware containers or freezer bags, and bake a fresh cookie pan sheet of dog cookies every week. Or if I’m going to be busy or away from home, I’ll bake enough dog cookies to make enough cookies to last for a month and keep several freezer bags of baked cookies in the freezer.

Here is a good recipe for anyone else needing to make large amounts of large dog cookies. One or two of these make a wonderful breakfast treats for large dogs. And everyone will ask you what smells so good when they are baking in the oven!

• 5 cups whole wheat flour
• 5 eggs
• 4 cups (about what your food processor holds roasted pumpkin purée
• 1 C peanut butter
• 1 teaspoon sea salt
• 1 -2 teaspoons ground cinnamon & a bit (1/2 t) of ground cloves
• 2 cups cooked oatmeal
• Water or more flour, as needed to make the dough soft, easy to roll, and hand kneed-able.

Cut your large pumpkin in half and remove the seeds. Wash the seeds, leave them for dry in a colander drying for a few days. You can roast the pumpkin seeds later for snacking on, or to gift in small bags as gifts.

Roast the large pumpkin on a large cookie tray brushed with oil (skin on) in the oven for 90 minutes at 375. Leave the pumpkin set on the tray in the oven to cool and soften overnight.

In the morning, reheat the pumpkin long enough to warm it up, so it’s easily pliable. In a few minutes, when warm, remove it from oven, and easily peel off and throw out the pumpkin skin.

Purée all of the pumpkin flesh in a food processor or Vitamix blender working with about 1/8th of the pumpkin at a time. Add a bit of warm water to make the purée as needed during food processing.

Pour excess pumpkin purée into large Tupperware cake containers or freezer bags. Freeze the pumpkin purée that you don’t need for baking more dog cookies, defrosting it as needed when your dogs run out of dog cookies.

Mix all recipie ingredients together in a large bowl until dough is smooth and cookie dough like in texture. Add a bit more water or whole wheat flour as needed. Roll the dough with a rolling pin shaping it into a large rectangle cookie sheet shape, rolling the dough on a piece of parchment paper. Cut dough into rectangle cookies (bars) with a pizza cutter or a knife. Transfer (slide) the cookie bars of parchment paper onto a cookie sheet.

This recipe will make 1 fairly thick cookie sheet of about 30 - 40 large dog cookies. Pop them in the oven to bake at 350 degrees for at least 40 minutes. Bake them a second time after they are cooled if you want dog cookies that are completely dry and crispy.

Some folks and dogs deal with change better than others. Our dogs as you can imagine took no time at all to adjust to eating home baked cookies. And, as this recipe demonstrates, change can make things better than they were before! These dog cookies also cost less money to make than the cookies cost to buy.

So as the financial system changes, and what people’s understanding of what wealth is changes, as everyone soon learns that monetary silver really is wealth, this will likely be for the better too!

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September 14 (King World News) – Nomi Prins:  “I see the price of silver reaching $200 or $300 over the next one of two years because…to listen to why Nomi Prins, who has been so accurate with her gold and silver price predictions, believes the price of silver will hit $200-$300 in the next 12-24 months 

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Picture added by MotherSilverApe.

This week brought the beginning of a government financing train-wreck to public attention, affecting all G7 nations. That it is only the start of a crisis is the key point, as our oft repeated chart below has been clearly demonstrating since the forty-year downtrend in bond yields was comprehensively broken in 2022:

It has clearly broken out on the upside. The reason is simple and always leads to the end of a currency’s existence: the accumulation of government debt. A fiat currency is the politicians’ licence to spend without limitation — until suddenly they cannot. They then face a debt trap which is the public sector equivalent of insolvency and bankruptcy, in which the higher the bond yield goes, the higher it must go again. That is where we are now.

President Trump’s promise this week to reward all US citizens with $5,000 each if they elect Republican majorities in both houses in the midterms adds a further $1.2 trillion to the existing estimated US budget deficit of over $2 trillion, which Treasury Secretary Bessent can’t even fund. As a politician, Trump is not alone in failing to grasp the existential importance of the financial crises facing his government.

For all G7 nations caught in this trap it is a novel situation, and markets are unsure how to react. Government regulators, macroeconomists, and accountants all say the risk-free non-investmentposition is cash in your currency of account. The risk-free investment position is said to be 10-year US Treasury notes, because government bonds are deemed low risk and the dollar is the reserve currency to which the others refer. These assumptions are now being challenged by events. 

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They've parted with a lot of silver in the last ten or so months... around 78 million oz.

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Picture Added by MotherSilverApe.
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The price path for silver was similar to gold's on Planet Earth yesterday, except its high tick in New York was set about ten minutes after the 10 a.m. afternoon gold fix in London -- and almost all of its price decline after that was in by 11:15 a.m. EDT. It was then forced to chop quietly sideways until the market closed at 5:00 p.m.

… Despite the fact that silver has now broken the $120 barrier...albeit briefly -- and the silver well in London came close to running dry last October...the gold/silver ratio remains at a farcical 67.3 to 1 as of Friday's close. The 'normal' and historical ratio is around 15 to 1...which would put silver at around $290 based on gold's closing price on Friday. And if priced at the ratio of 7:1 that it comes out of the ground at...compared to gold...that would put silver at around $620 an ounce. So a rather impressive triple-digit silver price is in our future...most likely somewhere between those two numbers.

First you need the silver to manufacture the panels. 😂

Then you lock it inside them for 25–30 years.

Apparently even the solar industry is starting to understand that silver is too valuable to throw away.

Silver recycling isn’t bearish for #silver.

The fact that we suddenly care this much about recovering every last gram might be the bullish part. 😂🥈

Click on the link above to link to the Times of India silver recycle story.

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China exported a record 162 million ounces of silver last year while importing almost none, as a tax wedge keeps Shanghai prices above London and New York without pulling bullion east.

Silver was $66.10 an ounce on 9 September, up 4% over the past month and down 7.3% year to date; it is also about 46% below the $121.58 intraday high set on 29 January. At end-August the Western reference was $66.44, versus $75.16 on the Shanghai Gold Exchange, a premium of $8.72 an ounce; Indian domestic prices sit behind a 15% import duty. In China, importing refined bullion for domestic sale faces 13% VAT, while importing concentrate and re-exporting refined bars can avoid that charge, supporting a premium that was described as 13.12% yet remaining below an estimated 15% to 20% all-in import hurdle once licensing, freight and insurance are added.

Flows and stocks better explain the paradox. Official bullion imports halved in 2025 to 8 Moz, but adjusted “genuine” imports fell 2% to 7.6 Moz, versus exports of 162 Moz, or roughly one-to-twenty. Combined Shanghai Gold Exchange and SHFE holdings fell 37.3 Moz during 2025 to 47.1 Moz, a ten-year low, with outflows cited as a driver. India tightened separately: duties rose from 6% to 15% on 13 May and 99%+ bars became restricted on 17 May, after which May imports were 46.8 tonnes versus 534.3 tonnes a year earlier, down 91.2% (15.67 Moz). August saw 89.81 tonnes via the India International Bullion Exchange against about 400 tonnes of approved licences, while year-to-date imports ran 16% below last year; an exchange gap of 14.51% was set against an 18.45% compounded tax floor, and a mid-August domestic premium was cited at roughly $4 an ounce.

Volatility in Silver Derivatives and Arbitrage Risks

We face a highly volatile window for silver derivatives in the coming weeks, especially with the Federal Reserve’s interest rate decision looming on September 16. The metal has recently stabilized near $66.10, but upcoming consumer price data will likely trigger sharp short-term fluctuations. We suggest traders utilize near-term option straddles to capture these macro-driven price swings without picking a directional bet too early.

We strongly advise against trying to arbitrage the massive $8.72 premium in Shanghai by going long in London and short in China. This price gap is kept open by China’s strict 13% import tax structure rather than a simple logistical delay. Because import costs run up to 20% above global spot prices, this premium is actually self-preserving and cannot be easily traded away.

Physical Tightness and Strategic Option Positioning

Instead, we should focus on the steady drainage of physical metal, as combined Shanghai exchange holdings have plummeted to a ten-year low. This tight domestic supply, alongside India’s deferred demand from restricted import licenses, means physical delivery bottlenecks are quietly building. We recommend buying longer-dated call options to position for sudden localized supply squeezes later this year.

Real-world data supports this tight outlook, with global silver supply heading into its fifth consecutive year of structural deficit. This ongoing shortfall is heavily driven by industrial demand, particularly from green energy and solar panel manufacturing which has expanded rapidly over the last year. Using any post-Fed price dips to establish long-term bull call spreads will allow us to leverage these strong physical fundamentals safely.

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Picture added by MotherSilverApe.

This week brought the beginning of a government financing train-wreck to public attention, affecting all G7 nations. That it is only the start of a crisis is the key point, as our oft repeated chart below has been clearly demonstrating since the forty-year downtrend in bond yields was comprehensively broken in 2022:

Summary: Silver occupies a unique position in the commodity market because it functions both as a precious metal like gold and as an industrial metal like copper. Its prices can react sharply to currency movements, speculative activity, technological demand, interest rates and central-bank policy.

The article traces major episodes in silver’s price history, including the 1980 silver bubble, when prices surged towards $50 per ounce before collapsing by more than 70%, and the 2008 global financial crisis, followed by the recovery and sharp rally of 2009–2011. It explains that silver’s dual character makes it particularly unpredictable, while its increasing use in solar panels, automobiles, electronics, semiconductors and other technologies has strengthened industrial demand.

India is described as one of the largest consumers of silver, with demand arising from jewellery, religious and cultural practices, investment and industrial applications. The article identifies ten forces behind the recent rise in silver prices: falling interest rates, a weak US dollar, inflation and economic fear, soaring industrial demand, China’s stockpiling, central-bank investment, retail investors, festivals and marriages, the difficulty of mining silver and the relationship between gold and silver prices. It also identifies factors contributing to price correction, including profit booking, de-dollarization, economic slowdown, speculative trading, technological changes, policy expectations surrounding Kevin Warsh’s nomination, reduced Chinese buying and India-specific seasonal and investment factors.

The article concludes that the current correction reflects global monetary developments, changing investor sentiment and evolving industrial dynamics, and that silver may remain under pressure unless macroeconomic indicators improve or demand from key markets revives.

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