💪 "The paper games are over. Physical buyers are setting the price."
Veteran analyst Peter Grandich argues the physical silver market is now in control. COMEX inventories are at 15-year lows. The Shanghai premium persists at 37% over Western futures. China's export licensing has ring-fenced 60-70% of global supply . Grandich says this decoupling has no historical precedent. Paper prices will eventually crash or follow physical higher. He bets on the physical reality . Industrial demand from solar and EVs is soaring while supply falls.