COMEX Silver Vaults Raided: LBMA Runs Bone Dry as 3 Million Ounces Exit in One Day—
Buyers Face Reality Check on Physical Bars. BUY THE DIP. Hold the Line. LFG!
Over past day and a half…Numerous sources are reporting that the LBMA currently has no free float silver available, confirming persistent rumors about tight physical supply. Today, another net three million ounces exited COMEX vaults, reportedly transported in secure trucks, underscoring the accelerating physical drain from New York. The magnitude and frequency of these outflows make it nearly impossible to ignore the shift, especially as these withdrawals have remained relentless since October 3. Observers no longer see isolated incidents but a sustained trend that suggests a much deeper structural supply issue is unfolding. For anyone watching this unfold, the message is unmistakable: if you actually need physical silver bars, the time for complacency is over. The ongoing exodus from COMEX, coupled with London’s chronic scarcity, puts immediate pressure on those dependent on prompt bar delivery. This reality check leaves the silver market’s “banner headline” centered on one truth—physical availability is vanishing before everyone’s eyes.
In the past twenty-four hours, there has been a striking scramble within the silver market, as bullion banks executed a two-pronged strategy to manage their short positions amid intensifying physical pressure on COMEX vaults. First, these banks launched a substantial sale of Comex silver futures—essentially “paper” contracts—helping to drive down spot prices for October and exacerbating weak sentiment in U.S. silver trading channels. This maneuver forced prices lower on the exchange, and was instrumental to their follow-up play.
Once the spot price dipped below $50—a critical psychological and technical threshold—the same bullion banks promptly turned buyer, accumulating large volumes of paper contracts just in time to take immediate physical delivery through the COMEX system. This allowed them to cover exposed shorts, circumventing deeper losses, and lock in new physical silver at attractive prices. The ability to arbitrage this spread hinges on access to deliverable metal, a tactical edge that’s become exclusive to New York, given London’s current settlement gridlock.
In London, the dream of T+1 settlement, where trades settle in one day, has broken down completely as logistical and regulatory bottlenecks stymie efficient delivery. With London increasingly dysfunctional for physical silver settlement, New York’s COMEX vaults have become the epicenter for real-time physical allocation—and the vault data reflects it.
This sequence solves the immediate risk for bullion banks: they’ve bought themselves a temporary reprieve from further short squeezes and margin crises through aggressive futures selling and strategic delivery taking. However, the medicine is likely to worsen the symptoms by December. With each raid on the physical vaults, the available stock declines, amplifying the risk that December and forward-month contracts could face dramatic shortages, delayed settlements, or worst-case, forced cash settlement for longs who expect delivery but find the vaults picked clean.
As a personal note, traders who rushed in to buy paper futures on this dip should recognize that they’re playing a dangerous game of chicken with the COMEX clearing system. The risk of not receiving physical delivery in December or being forced into cash settlement is real and growing. Unlike the opaque practices in London, COMEX vault reports reveal the slow-motion progression of this #silversqueeze, visible in the daily withdrawals and allocations. The result is a steadily intensifying assault on available physical silver, borne out in the real-time data, while London’s dysfunction leaves New York as the last transparent stronghold in the global silver tug-of-war.
Friendly Reminder:
Silver is up +10.7% since Sep 21, 2025
Now at $48.72
Gold opened October 1, 2025 at $3,866.34 per ounce
and as of today is trading at $4,113.26.
This means gold is up about 6.39% for the month so far.
Thank you for your attention to this matter
Context below:
Anyone still quoting the COMEX silver price hasn’t looked past the curtain. The so‑called $48.50 per‑ounce “spot” number is a banker’s fiction—a derivative mirage detached from the actual trade. In China, physical silver is moving above $80 per ounce, and that’s the market speaking in truth, not leverage. Arbitrage ensures reality wins: metal travels toward honesty, bleeding out of vaults westward into Asia’s open hands. The East pays what the West pretends. Just as Moscow once shipped bullion to Hong Kong, the migration begins anew. Only the uninformed still believe paper promises mean anything in the silver world.
London’s desks are in full‑blown panic, hammering paper silver in a desperate attempt to flush longs out of the market. The selling isn’t strength—it’s fear wrapped in leverage. There’s no real metal behind those positions, just contracts stacked on vapor. The physical cupboards are bare, and the bulls know it. Every dip invites real buyers who understand the scam can’t survive contact with delivery day. Fraudulent bears are outnumbered, cornered by the very metals they’ve mocked. When the smoke clears and the paper burns, silver’s truth will surface above $54—because you can’t short what doesn’t exist in reality.
On any given day, Western bankers trade the equivalent of an entire year’s silver production—over 800 million ounces—in paper form. It’s a theatre of illusion, a sell‑off by mouse click to convince the public silver is weak. Shanghai knows better. The East measures value in metal, not margin calls. A leaked diplomatic cable once confirmed the truth: the futures market was engineered to demoralize real investors by weaponizing volatility itself. Price crashes on cue, headlines follow, and retail minds are manipulated into surrender. But silver doesn’t vanish—it migrates. While the West plays its paper games, the East quietly stacks the truth.
BUY THIS DIP — it could be the last real gift the market gives you. The fundamentals haven’t changed one bit. The United States still drowns under $37 trillion of debt. The same political class still funds endless wars — against Russia, China, India, Iran, Venezuela, even its supposed allies in the EU, Canada, and Mexico — whether through bombs or tariffs. They’ll always choose confrontation over correction.
Washington just green‑lit another bailout for Argentina while Main Street America decays. That tells you everything about where the priorities lie: protecting global exposure, not creating domestic prosperity. Meanwhile, official “2.5% inflation” is a punchline. Real inflation — the one you feel in groceries, utilities, and rent — runs far north of 15%. The dollar buys less, the headlines lie more, and people are being lulled into complacency as the purchasing power of their savings erodes in real time.
This dip isn’t doom; it’s opportunity disguised as panic. Every ounce of silver and gold sold by weak hands is a transfer of wealth to those who see through the illusion. The system’s unraveling — and real assets will be the only truth left standing.
BUY THE DIP — these silver miners will never be this cheap again. While panic sellers chase pseudoprices on the COMEX, smart money quietly accumulates real exposure to the metal underground. Fundamentals haven’t changed; only sentiment has — and that’s your edge.
Aya Gold & Silver (OTC: AYASF). Down 14%, this is a gift. Aya operates one of the highest‑grade silver mines in Morocco, and its expansion projects are nearly complete. The sell‑off is paper‑based fear, not fundamentals.
Andean Precious Metals (OTC: ANPMF) — off 12%. Their Bolivian plant keeps generating cash and metals flow even as peers cut back. That discount won’t last once physical silver breaks out.
Kuya Silver (OTC: KUYAF), down 5%. This is the up‑and‑coming pure play on the tightening silver supply. Kuya’s Bethania project in Peru gives investors direct exposure to ounces closest to the surface — perfect timing for an inevitable silver reprice.
These names will move violently higher when the market finally admits what the East already knows — physical silver scarcity is real. Get positioned before the herd realizes they sold the bottom. This is the moment to buy.