🚨 The LBMA “Silver Surge”: What the Numbers Really Tell Us
Over the past three months, LBMA claims its silver vaults have suddenly gained 83.7 million ounces. That’s 2,600 metric tons.
To put this in perspective: That is the equivalent of two large silver mines magically appearing — without a single miner, refinery, or logistics company noticing.
In real commodity markets, that simply does not happen.
Below is what the data actually tells us.
1. Such a massive “increase in inventories” is statistically impossible
83.7 million ounces is not a rounding error. It’s a global-scale event — the kind that would hit mining news, industrial procurement channels, and bu…
🚨 The LBMA “Silver Surge”: What the Numbers Really Tell Us
Over the past three months, LBMA claims its silver vaults have suddenly gained 83.7 million ounces. That’s 2,600 metric tons.
To put this in perspective: That is the equivalent of two large silver mines magically appearing — without a single miner, refinery, or logistics company noticing.
In real commodity markets, that simply does not happen.
Below is what the data actually tells us.
1. Such a massive “increase in inventories” is statistically impossible
83.7 million ounces is not a rounding error. It’s a global-scale event — the kind that would hit mining news, industrial procurement channels, and bullion trade desks everywhere.
Yet the global market saw zero corresponding physical flows.
When numbers leap like this without real-world evidence, it’s not supply — it’s accounting.
2. The physical market shows the exact opposite trend
While LBMA vaults supposedly ballooned:
SGE inventories continue to fall by tens of tonnes per week
India is importing record volumes of silver
The US Mint is struggling to source blanks
Industrial users report shortages of high-purity silver
A real surplus would ease physical stress across all these channels.
Instead, physical supply is tightening globally.