Silver Market Could Take Down The Financial System | Ed Steer

Ed Steer (https://edsteergoldsilver.com/) explores the history and current dynamics of the COMEX futures market, originally designed to manage risk for producers and consumers but later distorted by central bank and commercial bank interventions after the end of the gold standard in 1971. He explains how large banks and investment houses have acted as “short sellers of last resort,” capping price rallies in precious metals and other key commodities for decades. Steer warns that mounting margin call losses, now estimated at more than $50 billion, could trigger an explosive short-covering rally in silver and gold with potentially catastrophic consequences for the global financial system. He highlights recent signs that U.S. bullion banks are reducing their short positions, calling it a signal of a coming major price move in silver, possibly reaching triple digits. Ultimately, he argues that physical gold and silver ownership is the safest protection as the world faces an inevitable financial reset.

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INTERVIEW TIMELINE:
0:00 Intro
1:30 Silver market dynamics
13:30 Bank's short positions
22:00 Changes coming in silver
34:20 Financial system could blow up
38:25 East vs West
42:00 Owning physical precious metals
51:40 Weekly specials
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