Silver Market Getting Set Free _ Andy Schectman

"Western markets claim silver is crashing. Eastern sovereigns are quietly draining the vaults—and the disconnect has never been more extreme."In this episode, Andy Schectman—President and CEO of Miles Franklin—explains why the paper silver price is sending the wrong signal entirely [citation:4]. While headlines focus on 38% crashes and COMEX margin hikes, Schectman argues the real story is physical: record deliveries, shrinking registered inventories, and a structural shortage that no amount of paper selling can solve [citation:6][citation:2].We examine the "COMEX Registered cushion" which has collapsed to cover just 13% of open interest—a historically dangerous ratio [citation:6]. Schectman warns that the banking system's friction (blocked wires, rising counterparty risk) makes direct physical ownership more essential than ever [citation:4]. Meanwhile, China continues its quiet accumulation, implementing export licensing on refined silver that ring-fences 60-70% of global supply [citation:6].He distinguishes price weakness from fundamental reality: "Nothing moves in a straight line without a breather." [citation:7]. Schectman dismisses AI-driven narratives and predatory dealers designed to shake retail holders out of bullion through engineered complexity [citation:4]. His bottom line: the paper market's credibility is failing, and the silver market is finally getting set free from decades of suppression. Press play for the complete breakdown of the most important wealth preservation story of 2026.