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This video exposes why the Western paper pricing system has failed — and how the physical silver market in Asia is now setting the real price. Inside this breakdown: Why paper silver no longer reflects physical reality The 4:1 leverage problem inside COMEX vaults How registered inventory is collapsing in real time Why arbitrage can no longer close the price gap How China’s export controls changed the global flow of silver Why India’s buying is draining remaining Western supply What happens when exchanges can’t deliver metal This is not a normal bull market. It is a structural failure of price discovery. When the physical market pays $105 and the paper market says $95, the price on your screen is no longer the truth — it’s a placeholder. The two-tier silver market is here. And once this gap closes, it won’t close downward. If this changed how you see the silver market: Subscribe for real-time macro and metals breakdowns Comment below: Do you think the paper market can survive this? Share this with someone who still trusts “spot price” Disclaimer: This content is for educational and informational purposes only. It does not constitute financial, legal, or investment advice. Always consult a qualified professional before making financial decisions.