China Has Changed the SILVER Game From Paper to PHYSICAL - 'Watch Shanghai': Francis Hunt

The silver market's performance in 2025 and outlook for 2026 is the focus, with technical analyst Francis Hunt emphasizing silver's outperformance due to supply deficits and increased physical demand, particularly from Shanghai, which he identifies as the real market for silver now. Hunt points out a two-tiered pricing system where the West represents a discount window for the East. He also notes margin increases on COMEX silver futures contracts, suggesting market taming. Shifting to broader economic themes, Hunt critiques the use of fiat currency as a flawed measuring tool, illustrating how the Dow's performance against gold reveals ongoing debasement. He also discusses geopolitical factors influencing commodity markets, including China's management of silver exports and the masking of inflation through oil price controls.