: By Greg Hunter’s USAWatchdog.com -
: December 2, 2025
: Bill Holter (aka Mr. Gold) said at the
: beginning of November that there was
: “more risk in the financial system now
: than any time ever.” There are so many
: ways the system can break down it’s
: hard to keep track, but let’s start with
: exploding silver prices that happened
: at the end of last week. Holter says,

: “In a 48-hour period of time, silver was
: up over $5 per ounce. It’s pretty clear
: and pretty obvious that something
: behind the scenes is breaking.

Did someone just break the Silver market?
Guest Post by No1 | The Burning Platform
Dec 1, 2025

[snip]

Friday was supposed to be a sleepy post-Thanksgiving half-day.

Instead, silver jumped 5.6% in a straight vertical line, hit an all-time high of $56.72, and the CME – the backbone of global derivatives markets – went completely dark for 10 hours.

The official story? A cooling system failure at a data center in Aurora, Illinois (near Chicago)...

...An air conditioning technician who works on these facilities in NYC put it simply: “These spaces are built with triple and quadruple redundancy. If one ac unit goes down, they have at least 2 more to cover it while it’s down. That goes with cooling towers, pumps, ect.

Their (sic) is no way a ‘cooling issue’ can shut down the comex, believe when I say that’s impossible.”

So what could have happened for ‘the fan to stop’?

After Shanghai closed, and western markets reopened, someone at the Shanghai Futures Exchange closed a massive short position 3-4% above Friday’s closing price.

No1 is going to voluntarily take that kind of loss unless they’re staring at something much worse.

What could that “much worse” be? As the rumour mill has it: someone – likely a sovereign player, possibly Chinese – demanded physical delivery of 400 million troy ounces of silver and refused cash settlement. That’s 12,441 metric tons, three to four times JPMorgan’s entire reported position, roughly one-third of annual global mine production.

The rumor says an Authorized Participant at COMEX stood for delivery, insisting on physical with no cash settlement and no rolling forward. Just deliver the metal. And the system shut down rather than deliver.