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The silver market is under pressure like never before. Registered silver on the COMEX is disappearing, and the system supporting it is operating on borrowed confidence. In this video, Bullion Beacon breaks down why the COMEX delivery system is facing constraints that have never fully resolved before, and what that means for investors, industrial demand, and global silver flows in early 2026. We analyze: Why registered silver is historically thin compared to open interest How physical silver is quietly leaving the system Why paper markets are disconnected from reality Signals that the silver market is shifting from a financial instrument to a strategic asset What this means for US investors and global supply If you’re serious about understanding the silver market beyond the headlines, watch carefully and stay informed. Don’t forget to like, subscribe, and hit the notification bell to stay updated with Bullion Beacon. Comment below: Are you holding physical silver or relying on paper contracts? Your insights matter! Disclaimer: This video is for educational and informational purposes only. It is not financial advice. Always do your own research before making investment decisions.