SILVER COVER-UP? China Quietly Took Supply Before Silver Exploded | Andy Schectman

Added: 2026-05-15

[00:00:00]Silver has never been allowed to find price discovery because eight banks in the west have stepped on it forever to make high-tech weapons cheap. That is my belief. Not even cheap, available in abundance because silver's [music] disappearing in nature called inelastic.

[00:00:13]There's only a little bit of silver in a high-tech military component weapons, F-35 stealth bombers, high-tech missiles that that are hypersonic. Nothing can withstand that [music] heat and still be have conductivity the way silver does.

[00:00:26]And it's needed in all of this stuff.

[00:00:27]And this is why you have these banks in the west, Canada, US, and Europe have stepped on silver so they can make high-tech weapons and sell them to the world through NATO, become very wealthy.

[00:00:37]I think silver is still from a standpoint of low downside, high upside.

[00:00:42]I don't think there's an an asset that that competes with it. But at today's silver price, that's over 4 billion.

[00:00:47]They imported 365 tons of [music] gold in Q1 2026 alone as the price was getting kneecap, a new all-time record, 35.2 two billion in physical gold delivered in a single month to COMX in the United States. No one's talking about this but me. Where's the mainstream? We see Chinese silver imports rise 78% month over month um in February and March to a record 1626 tons. That's the highest on record ever. Ever. Um, the deliveries in in February was an all-time record.

[00:01:26]In March was another all-time record.

[00:01:28]The highest delivery numbers ever into China since they've been keeping records ever as the price was getting destroyed.

[00:01:35]Um, their year-to- date their year-to- date silver imports are up to 1626 tons times 32,150.7 ounces in a metric ton is 52,276,939 troy ounces at today's silver price. That's over 4 billion. Uh, that's just in the first 90 days of the year as the price was getting slammed. Um, they're net importers this year. They were net exporter. They were net exporters last year. They are net importers. They said in November of last year that they would not send any of their domestic mining uh silver out into the into the open market. They're the second largest producer in the world. They said they're going to minimize the amount or curtail the amount of exports they're going to do. They they refine more Dora bar than anyone. And they came out and said we're going to limit the amount of sulfuric acid we're going to export which is the main uh chemical used in copper mining which is the ma the major byproduct mining material for silver. Silver only 20% of what was mined came from mining companies who mine silver. The rest was byproduct largely of copper, lead and zinc but copper mostly. And if you if you curtail exports, you're not going to send any of your domestic stuff out and you are going to curtail sulfuric acid.

[00:02:55]They're the biggest producer of that.

[00:02:56]>> China just bought record amounts of silver while prices were collapsing. And that contradiction should terrify anyone trusting headline pricing. As Andy Sheckchman points out here, over 52 million ounces flowed into China in just 90 days while Beijing simultaneously restricted exports and tightened supply chains tied to silver production. That is not panic buying. It is strategic accumulation during engineered weakness.

[00:03:24]Retail investors see red candles and hesitate, but sovereign buyers are securing physical metal before shortages become obvious.

[00:03:34]Next, Andy Sheckchman exposes why suppressing sulfuric acid exports may matter more than the silver price itself. You're going to have a problem with supply. Uh but that's silver. Um gold 162 tons in March. That's the highest since March 24 marks the third consecutive monthly increase. 17th consecutive monthly purchase. They imported 365 tons of gold in Q1 2026 alone as the price was getting kneecapped. 365 metric tonses works out to 11,735,055 ounces at today's price. That's 54 billion in the first 90 days as the price was getting hammered. Now, let's look at here back at the ranch in the United States. First of all, in 2025, every single Comx gold contract delivery month in 2025, and those are the even months, they would be February, uh May, July, etc. We saw seven uh let's see 76,5667 gold contracts delivered. That's 7 million 656,700 ounces. A new all-time record. A new all-time record. 35.2 billion in physical gold delivered in a single month to COMX in the United States. No one's talking about this but me. Where's the mainstream? All of this as gold's teeth was getting kicked in. And to put that into perspective, um, if you go back to 2015 to 2019, we average, this is right when the I started screaming about all the deliveries in 2020. That's when they started. From 2015 to 2019, only 130 tons of gold were delivered into COMX on average per year. February of this year saw 238 tons delivered alone. So when you look at silver in the month of February, which is a non-dely month on Comx, 26 million ounces were delivered. Now keep in mind for the last 18 months or longer every month, every single month since he won the election, we've seen billions of of gold and silver delivered into ComX. Again, less than 1% used to stand for delivery.

[00:05:41]>> Comx deliveries just shattered records at the exact moment mainstream analysts said demand was weakening. According to Andy Sheckchman, February alone saw more gold delivered than entire pre2020 annual averages even as prices were pushed lower through paper markets.

[00:05:59]Institutions are clearly treating price declines as acquisition windows, not warning signs. The dangerous part for ordinary savers is that physical delivery trends now completely contradict the gold is losing momentum narrative dominating financial television. Next, Andy Sheckchman reveals the hidden implication behind billions in physical metal quietly leaving exchange inventories.

[00:06:25]>> Now, we're seeing all this and where, shh, don't tell that. Where's the media?

[00:06:28]Where the hell are they? Where are they saying who's doing this? They don't ask.

[00:06:32]They've missed the story completely.

[00:06:35]Nothing else matters. The people doing this do not screw around. The people do this doing this are spending billions of dollars. So in February which is a non-dely delivery month we saw a record for China in both gold and silver we see record gold delivery on comx how about in in in silver which is a non-dely month remember um January is February is not March is April is not May is etc they both deliver together but anyways 26 million ounces delivered to ComX at the time that's about 1.4 4 billion.

[00:07:08]However, 39 uh million ounces leave Comx on trucks.

[00:07:15]Where did they go? That's 2.8 million pounds of silver. That That's worth um call it 40 million times. So, you're talking almost 4 billion, three.5 billion worth of silver got on semitrs 2.8 million pounds and left. Where's the media coverage? Who is taking possession of 2.8 8 million pounds of silver, who's running logistics for that, how many semitrs, who's putting insurance on it, where in God's green earth is it going?

[00:07:44]What I would say to you, and I say this a lot lately because I think it hammers home the point. I I see Wayne Gretzky when I play golf sometimes at Trump International in in West Palm Beach.

[00:07:54]He's a small guy. He plays a Trump all the time. He's not a big guy. I'm bigger than him. Um they said, "How are you such a great hockey player, Wayne?"

[00:08:01]Because he said, "I never skate to where the puck is. I skate to where it's going.

[00:08:05]>> Nearly 40 million ounces of silver reportedly left comics vaults by truck.

[00:08:10]Yet financial media barely mentioned it.

[00:08:13]What Andy Sheckchman is highlighting is the absurd disconnect between physical movement and public narrative because logistics at this scale require insurance, transport coordination, and institutional intent measured in billions. That is not speculative retail behavior. If major entities are removing physical metal during suppressed pricing, then the official healthy and liquid market story begins falling apart very quickly for anyone paying attention. Next, Andy Sheckchman unravels why physical withdrawals matter far more than daily spot price volatility. And I will tell you that the people at this level that are spending nine figures every month for almost two straight years, they know where the puck is going. They do not screw around. You do not dump billions and billions and billions every month into delivery of metal, which never happened. Now granted, when it's delivered to Comx doesn't mean it's all leaving. That that doesn't matter because we never saw this kind of volume being delivered into Comx. Never. We've never seen this kind of volume being delivered to China.

[00:09:22]Never. And so what you have happening is price is the tool of misdirection that they use. Price and rhetoric. The rhetoric, there is none. The media sucks. The media doesn't tell us what's really relevant. They talk about the price or the, you know, the technicals, usually anti- gold in and slant, but they miss the the entire story. Doesn't matter what the who's standing for delivery in irrespective of price.

[00:09:49]price gets knocked down and they stand for delivery in massive quantities. Now the Bank of International Settlements came out and said this was a structural collapse in January and February. It was completely largely by the rebalancing of the ETFs and the raising of margin requirements had nothing to do with fundamentals. Well, as the price got destroyed, you can see what happens by the most well-informed traders on the planet who aren't using margin. Thank you very much. I'll have some more, but don't tell anyone. And uh that to me is all the gold people need to know is that the people at this level know where the puck is going and do as they do. Don't listen to any anti-gold rhetoric right now. Um this is this is the time I think that gold and silver are about ready to really make a move.

[00:10:33]>> The biggest money in the world keeps increasing physical metal deliveries while public sentiment stays cautious and timing like that rarely happens by accident. Andy Sheckchman's argument suggests institutional buyers already see a structural shift forming beneath the surface of the paper market. The BIS blamed ETF rebalancing and margin changes, but that explanation ignores the relentless appetite for physical possession during aggressive price suppression. Investors focused only on charts may completely miss the far more important signal hidden in delivery behavior and sovereign accumulation patterns. Next, Andy Sheckchman reveals why the smart money appears willing to absorb volatility before the public notices the trend reversal.

[00:11:21]Not only do you have all the major banks talking between 6 and 8,000 by the end of the year, you have Michael Hartnet at the chief analyst for uh Morgan I mean the chief analyst for Bank of America, you have the chief investment officer of Morgan Stanley. You have Black Rockck.

[00:11:34]You have uh Jeffrey Gundlock. You got all these institutions saying that gold and silver are going way higher and that the 6040 bond portfolio, stock bond portfolio mix that Wall Street has used for 50 years is dead. and all of these Michael Hartnett, Jeffrey Gunlock, the CIO of of Morgan Stanley, they're all saying sell some of your bonds to buy metals. This has never happened before.

[00:11:57]My guess is they want gold to go to the moon. The US government ultimately does to devalue the dollar to peg it to the back end of the bond market. If Judy Shelton is right for long-term deliveries on the bonds with the Genius Act coming, this is how you devalue the dollar. This is how you let gold go higher, to devalue the dollar, to bring back manufacturing, and to peg it to the back end of the bond market. I've never been more bullish in gold and silver ever. I think it's also a very difficult time to have strong fingertips. The bull wants to bring as few along for the ride as possible.

[00:12:31]But I think all you need to see is the betrayal of the rhetoric and the price drop when the biggest money in the world uses it as an opportunity to get long and to take possession.

[00:12:40]>> Great, great points, Andy. Thank you so much for that. With that being said, do you see a scenario where gold and silver stay flat for relatively longer? Let's say for 6 to 12 months just because of how how fast price went up last time.

[00:12:57]Wall Street spent decades selling the 60/40 portfolio as safe. Yet now the same institutions are quietly abandoning it. This is where Andy Sheckchman's thesis shifts from commodity speculation into systemic currency risk. Because when major banks openly recommend rotating from bonds into metals, they are signaling declining confidence in fear purchasing power itself. Most retirees and savers are still positioned for the last economic cycle, not the next one forming underneath it. The danger is not volatility. It is holding assets designed for a world that no longer exists. Next, Andy Sheckchman exposes why dollar devaluation may already be the policy objective behind the scenes.

[00:13:42]>> So there could be some more digest digestion before the next move.

[00:13:48]>> I don't actually I mean that that is conventional wisdom is that we've seen that in the charts where it goes up, it corrects, it trades sideways, base builds, goes up, corrects, goes sideways. We have been going sideways. I think we've been going sideways now for a couple of months. Gold is hanging in there anyway and uh I think we're getting very close to that moment. All of the analysts are saying second half of this year. Um Bank of America is saying between 130 and 309 gold potentially um by the end of this year.

[00:14:19]Uh I think that um things will certainly start to accelerate into the end of the year. Now, I I don't think today is any example of that, but it here we are. Uh I know this this might go out a little bit later, but here we are today with gold uh up $130 and silver up $4.5.

[00:14:40]That's a pretty substantial move. Now, the volatility is what keeps people at bay. Um but the price continues to move higher with a great deal deal of volatility largely treading sideways. I agree but I think we are very close to breaking out of that pattern. There are a lot of things converging all at once and and I would say I if I had to guess now I normally don't make predictions on price or even really you know time frame because I think that we live in a world of probabilities no guarantees. It is highly probable we see gold and silver much higher into the end of the year. no guarantee, but I don't see it as being likely that it trades sideways for an extended period of time based upon the amount of deliveries we continue to see, which betrays any price action. Gold just surged $130 in a single move after months of sideways frustration. And historically, that kind of compression rarely resolves quietly. Andy Sheckchman notes that physical deliveries continue accelerating underneath the surface even while price action appears stagnant which suggests institutions may already be positioning ahead of a larger repricing event. Retail traders often mistake consolidation for weakness because they focus on momentum instead of accumulation. Meanwhile, central banks and large funds appear willing to absorb volatility now in exchange for strategic exposure before confidence in paper assets deteriorates further. Next, Andy Sheckchman reveals why the seasonal timing of metals markets could align with a broader institutional rotation.

[00:16:16]Um, so no, I don't I think it's going to be a a interesting as a Chinese curse says second half of the year and typically the metal market wakes up in over Labor Day. I mean from September on is is traditionally when you see the biggest moves in gold and silver. So yeah, I would say that uh the sideways if at all will go into the end of August at worst and then I think we would see some some fireworks if I had to guess. Just a question on silver, Andy. So, do you think silver at this moment is mainly driven by the industrial side or do you still believe the monetary side is important for silver?

[00:16:57]>> The monetary side has always been important, but it's never been what has driven it. Silver has been driven by the accumulation by the biggest money in the world. um China um India, Russia, Saudi Arabia, now the United States who's classified it a critical mineral. Um silver is a critical mineral. It has a great plurality in uses which to your point is uh unusual in commodities where it has the monetary monetary side and the industrial side and the military side and um it's needed in in any digital electronic high-tech world especially one with high-tech weaponry.

[00:17:37]Um, this is why you've had eight commercial banks in the West hold down silver for years to the degree of the largest concentrated short position in any commodity ever traded. I don't care what anybody says. Nobody. How smart they are. Silver has never been allowed to find price discovery because eight banks in the West have stepped on it forever to make high-tech weapons cheap.

[00:17:57]That is my belief. Not even cheap, available in abundance because silver's disappearing in nature. It's it's called um inelastic. Silver is now classified as a critical mineral by the United States. Yet most investors still view it as a fringe trade rather than a strategic asset. According to Andy Sheckchman, sovereign accumulation, not retail demand, has been the real driver underneath the market for years, especially as military and technological dependence on silver quietly expands.

[00:18:31]that creates a dangerous disconnect between public pricing and geopolitical importance. If supply remains constrained, while governments increasingly treat silver as essential infrastructure, long-term holders may be sitting on an asset Wall Street still fundamentally misunderstands.

[00:18:50]Next, Andy Shechman points out why decades of silver suppression may have been tied directly to defense and industrial policy. There's only a little bit of silver in a high-tech military component. Weapons, F-35, stealth bombers, high-tech missiles that that are hypersonic. And, you know, nothing can withstand that heat and still be uh have have conductivity the way silver does. And it's needed in all of this stuff. And this is why you have these banks in the west, Canada, US, and Europe have stepped on silver so they can make high-tech weapons and sell them to the world through NATO, become very wealthy. Um, I think silver's still from a standpoint of um, low downside, high upside. Um, I don't think there's an an asset that that competes with it, but the, um, monetary side of it, the public is the last one to be have anything to do with driving the price up. Maybe that will happen in the end. Right now it's been a rush to accur to accumulate using the suppression of the western markets to stand for delivery and um the fact that the US government classified silver now critical mineral is probably who is behind through the exchange stabilization fund the treasury department who understands metals he was a gold bug when he ran his hedge fund if it is for national security they don't need congressional approval well who's standing for delivery and pulling 39 million ounces out in February by truck where's it going who's doing it. Who's got that bread? Who's running the logistics and the insurance? And what vault is it going into? Cuz when you pull those bars out of comx, they're never coming back. They'd have to be drilled and filled again and assayed and at a big cost, a huge time drag. They're leaving. They're never coming back. So, I think the biggest money in the world sees silver for what it is, indispensable, uh irre in a it's not replaceable. And uh there is the monetary side too, which will be kind of the supercharge at the end. But I would argue it's had very little impact. More so the central banks accumulating what is available um the big money accumulating it for the fact that there's nothing that can really be used to uh as a substitute.

[00:21:05]>> Governments publicly frame silver as just another commodity while simultaneously classifying it as strategically critical for advanced weapon systems. What Andy Sheckchman is highlighting is a contradiction few analysts are willing to touch. If silver is indispensable for military infrastructure, then persistent price suppression may have served national and industrial interests far more than free market price discovery. Physical withdrawals from comics become much more important through that lens because once sovereign level buyers secure supply, those ounces likely never return to circulation.