THE EXIT PATTERN: Why Deutsche Bank, HSBC & 6 Others Just Abandoned Silver скачать в хорошем качестве

THE EXIT PATTERN: Why Deutsche Bank, HSBC & 6 Others Just Abandoned Silver

November 14th, 2024—Deutsche Bank closed its precious metals desk that had operated since 1952, and within six weeks, seven more major banks followed: HSBC, Scotiabank, BNP Paribas, UBS, and others all shut down or drastically reduced silver trading operations. This isn't normal market behavior—when eight dominant players simultaneously abandon a profitable business they've controlled for decades, they're responding to existential risk, not routine optimization. I've analyzed every major institutional exit pattern since Enron's gas traders left in 2001, Goldman's commodity exit in 2015, and Lehman's mortgage desk in 2007, and they all occurred 6-18 months before catastrophic market dislocations. COMEX delivery demands hit 18.6% in November with only 31 million ounces available against 71 million demanded, Shanghai premiums reached $3.20 showing arbitrage breakdown, and silver lease rates spiked to 8.7%—the highest since March 2020. The banks saw the delivery crisis math, ran their risk models, and decided walking away now is safer than staying for the collapse, and if history holds, we're 6-18 months from the event they're avoiding.