https://www.youtube.com/watch?v=fovtENLMgms

The Bank of England’s Quiet Role in the Silver Squeeze

The extreme volatility in today’s silver market is not simply a product of supply shortages, retail speculation, or traditional bullion-bank behaviour. Yes, there’s the physical shortage, but this argument ignores the system-wide transition in financial market settlement that is underway. Modern markets are experiencing a structural overhaul of their plumbing. Silver is a prime test case because it is the most financially distorted asset relative to available physical supply. Settlement reforms are steadily eroding the conditions that allowed the modern paper silver market to function. The resulting volatility looks like a squeeze because, in practical terms, it is one. It seems that the squeeze is actually a byproduct of a shortage and a reflection that the system is moving toward its intended outcome.

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00:00 Intro

01:10 Imposing a Constraint

02:21 Why The LBMA is Exposed

03:31 A Crucial Turning Point?

09:00 Project Meridian & the Tokenisation Project

11:10 Implications for Silver

Miles Harris

31.12.25

#mikeharris