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Comex Collapse: 29 Million Silver Ounces Vanish in 30 Days

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by ITM Trading
Wednesday, Oct 29, 2025 - 14:06

The physical silver market just flashed a red alert. As silver expert David Morgan revealed, a desperate shortage in London triggered a staggering 29 million ounce drain from COMEX vaults in a single month—one of the most acute stresses in years.

While Morgan says the immediate "panic has subsided," he warns this was a critical lesson. The system runs on razor-thin inventories, a paper paradigm perpetually on the brink. The underlying issue of a "world running short of metal" remains completely unresolved. This was merely a preview. The day of reckoning, when the physical market finally seizes control from the paper manipulators, is not a question of if, but when. The squeeze was a tremor before the real earthquake.

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About ITM Trading: ITM Trading has been a trusted leader in precious metals for over 28 years, helping clients protect and grow their wealth with custom gold and silver strategies designed for economic downturns and currency resets.

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