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Silver is becoming a systemic risk.

For years, rumors have swirled that the CME and other futures exchanges were permitting too many silver contracts. Remember, a silver futures contract is supposed to be backed up by actual physical silver, meaning the investor has the option to “take delivery” of actual silver bullion if he or she chooses.

As Bill King notes according to the CME’s registry there are 440 million ounces of silver located in its depositories. As I write this, silver open interest on the CME is 150,200 contracts. Each contract is worth 5,000 ounces of silver.  

This means there is 751 MILLION ounces of silver contracts trading for the March 2026 contract… or 1.7 TIMES the amount of actual silver the CME has stored in various depositories.

This current silver contract expires on March 27th 2026. And the last delivery day is March 31st. If a significant portion of the current open positions opt for physical delivery, there is a chance the CME would face a potentially systemic issue.

Specifically, the silver ISN’T there.

This helps explain why the precious metal is going parabolic.

How ironic would it be that precious metals end up being the proverbial “straw that breaks the camel’s back” for our current debt-based fiat financial system? And what happens to silver and other precious metals prices when investors realize there isn’t enough actual bullion backstopping the trades being made on the major exchanges?

Silver at $100 per ounce? $200 per ounce?

We have a small window of time to prepare for what’s coming.And those investors who are correctly positioned for this could potentially generate life-changing returns. 

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